XRP ETF inflows hit $110 million weekly high, price dips to $1.37

XRP’s recent price momentum has slowed, but inflows into the XRP ETF market have surged as institutional investors renewed their interest in the asset. Over the past week, daily capital inflows into XRP ETFs sharply increased, marking a turnaround after a period of sluggish participation and minimal inflows in the weeks prior.

ETF market rebounds with record inflows

After several months of low activity and heightened volatility, the XRP ETF market saw fresh capital injections beginning in mid-August. On August 14, daily inflows stood at zero, but by August 26, new funds had reached over $28 million in a single day, according to data compiled by SosoValue.

This marked improvement comes as global financial markets have shown renewed appetite for crypto-backed investment products. XRP ETFs, which allow investors to gain exposure to the cryptocurrency without directly holding it, have experienced their highest levels of inflows since their introduction late last year.

In the past week alone, XRP ETFs recorded a total inflow of $110.49 million, representing the largest weekly increase so far in 2024.

Total inflows climbed rapidly, signaling that confidence in the product has been restored for many institutional investors.