While the XRP market stands out with the increasing interest of institutional investors, strong daily money inflows to ETFs have led to activity on the XRP side. Despite the recent stagnation of fund inflows, there has been a significant recovery in the last 24 hours.
Record Login in the Last 24 Hours
According to figures shared on Wednesday, May 6, by SosoValue, a data platform that tracks the ETF market, XRP ETFs received a total net inflow of $11.28 million in the last 24 hours. This amount was recorded as the highest single-day fund flow in the last two weeks. The fact that there was almost no new money inflow to ETFs in the previous period makes this increase even more remarkable.
“According to the latest data, total net inflows into XRP ETFs reached $1.31 million, marking a significant milestone for XRP.”
Growing Assets in XRP ETFs
The total net asset value of XRP ETFs, which has continued to grow since last year, has now reached $1.09 billion. Despite the serious slowdown experienced at the beginning of the year, funds are increasing again. The general cryptocurrency market rally in recent days has also shown its positive impact on XRP ETFs.
During this period, the XRP price also increased by 3.30 percent and reached $ 1.45 as soon as it was traded. This increase in the interest of institutional and individual investors brought XRP back to the agenda through the ETF channel.
Leaders in ETFs Canary and Bitwise
The highest daily money inflow among ETF funds came to the Canary XRP ETF. Fund investors made the largest contribution to this instrument, with a total of $7.50 million in one day. The XRP ETF offered by Bitwise ranked second with an inflow of $2.68 million during the same period. The prominence of these two funds revealed that the institutional front has increased confidence in these ETFs in particular.
The highest daily fund flow of the last two weeks is seen to be linked to both general market trends and institutional investors who want to strengthen XRP’s place within the crypto ecosystem. These developments have led to renewed interest in the XRP ETF market.
Besides the institutional side, individual investors’ interest in XRP is also reflected in price movements. The significant increase in the price in the last 24 hours indicates that the upward expectations of market players have strengthened.
In general, new sources turning to XRP through ETF and increasing transaction volume indicate a revival in line with the general trends in the cryptocurrency market.
