XRP ETFs recorded net inflows of $643 million in the first month as demand grew

Bitcoin exchange-traded funds (XRP spot ETFs) recorded cumulative net inflows of $643.92 million during their first month of trading, according to SoSoValue data. The products also reached $676.49 million in total net assets, representing 0.50% of the XRP market capitalization.

Daily flows have been positive for most of the month. The strongest sessions included $243.05 million on November 14 and $164.04 million on November 24.

Trading volume remains steady despite XRP price fluctuations

He drove Main exporters– Grayscale, Franklin Templeton, Bitwise and Canary – collectively trade fixed flows on US exchanges.

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Together, I brought the four boxes -XRP brought in trading funds Above 0.5% of the total circulating supplyindicate a primary institutional interest.

Trading funds generated a total value of $38.12 million in trading on November 26 alone. Trading volumes earlier in the month were higher, coinciding with significant spikes in flows.

However, he stopped The market price of XRP is volatile. The token traded around $2.23 as trading fund orders were offset by weakness in the broader cryptocurrency market.

In parallel, other major asset managers are trying to enter the race of XRP exchange-traded funds. 21Shares is expected to launch its direct fund on Monday while WisdomTree’s application remains under review.

Early signs indicate sustained institutional demand

ETF inflows have increased in nine of the last ten sessions. Show the last total of each day $21.81 million Its entry into XRP trading funds The 26th of November.

This series of flows indicates that institutions are still building their exposure. It also reduces the supply of liquid on the exchanges, as… Custodians of trading funds transfer XRP For organized storage.

Disclose Franklin Templeton He announced that he had 32.04 million XRP in his fund as of November 25, indicating continued accumulation.

This consistent pattern of flows in the first month bodes well for cryptocurrency ETFs and reflects improved regulatory clarity for XRP products. At the same time, XRP was not the only cryptocurrency to get the ETF green light in the past week. ETFs for Dogecoin, HBAR and Litecoin started trading earlier this month. However, these funds have received little attention from institutional investors. Dogecoin ETFs from Bitwise and Grayscale only attracted about $2 million during the first 48 hours of trading.