Exchange-traded funds (ETFs) based on the XRP cryptocurrency are on a streak of fifteen consecutive days of net capital inflows into the Wall Street market. In this way, it has accumulated a total of 897 million dollars since its staggered launch in the United States.
The Canary XRP ETF managed by investment firm Canary Capital is positioned as the leader in attracting investment flows, registering 363 million dollars in entries to date.
For its part, the Grayscale XRP Trust ETF (GXRP) is in second place with $211 million in inflows, followed by the Bitwise XRP ETF (XRP) with $187 million and the Franklin
The chart below shows, day by day, how the capital flows of the XRP ETFs have been.
Optimism around the adoption of XRP ETFs is reflected in the sector’s total assets under management, which They already exceed 860 million dollars distributed among the four funds currently operating in the US market.
This figure underlines the growing institutional interest in financial products linked to cryptoassets other than bitcoin (BTC), despite the fact that the price of the cryptocurrency
As CriptoNoticias has reported, this behavior between ETF entries and the price of XRP serves as a reminder to the market: the existence of an exchange-traded fund does not automatically guarantee an increase in the price of the underlying digital asset.