Five spot XRP funds listed in the U.S. saw a net inflow of $25.8 million on Monday, the largest single-day inflow since January 5, bringing total inflows to $1.35 billion. On the same day, spot Ethereum ETFs experienced a net outflow of $17 million. Ripple recently completed a $200 million debt financing round and successfully piloted tokenized U.S. Treasury settlement on the XRP Ledger with JPMorgan, Mastercard, and Ondo Finance. Additionally, Ripple announced a four-phase plan aimed at making the XRP Ledger quantum-resistant by 2028. Over the past six months, XRP has declined by approximately 39%.
U.S. Spot XRP Funds See $25.8M Daily Inflow, Largest Since January 5
AiCoinShare
Summary
U.S. spot XRP funds saw a $25.8 million net inflow on Monday, the highest since January 5, with total inflows reaching $1.35 billion. On-chain data showed a $17 million outflow from Ethereum-related funds on the same day. Ripple secured $200 million in debt financing and tested tokenized U.S. Treasury settlements on the XRP Ledger with JPMorgan, Mastercard, and Ondo Finance. The company also outlined a four-phase plan to make the XRP Ledger quantum-resistant by 2028. XRP has declined approximately 39% over the past six months.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.