XRP ETF inflows hit $1.67B in inflows – 3 reasons Ripple’s price still lags

The demand for XRP ETFs has shown resilience despite Ripple’s [XRP] struggling market structure. Cumulative Net Inflows reached $1.67 billion by the 31st of August, continuing their upward trajectory since May.

Weekly Net Inflows jumped from $39.78 million to $110.49 million toward the end of August. Weekly Trading Volume also increased from $253.05 million to $363.03 million.

While the fund’s net assets went up to $1.44 billion from $1.33 billion.

However, XRP’s price fell from about $1.70 down to the range of $1.35-$1.40 throughout this time frame. This shows that institutional investors are purchasing all of the available supply.

However, the lack of new demand has allowed institutional sellers to sell down their positions with little to no resistance.

If these institutional investors continue to invest large amounts of money into the space while XRP is stable, it will create a solid foundation for a potential bounce back.

XRP ETFs tighten available supply

Bitwise’s growth is an indicator that XRP ETF demand will be more than just a consistent flow narrative. Within 9 months, its fund crossed $500 million in assets under management (AUM), while the 7 XRP ETFs currently have approximately $1.53 billion combined.