Derived from AMBCrypto, XRP ETFs recorded $43.89 million in inflows over the past two weeks, despite sharply deteriorating social sentiment. The inflows mark the strongest stretch since the ETFs' launch and extend their winning streak to six consecutive weeks without outflows. Meanwhile, retail confidence weakened as pessimism grew on social media platforms. Institutional activity, including a $5 million contribution by Ripple to a tokenized U.S. dollar money market fund on the XRP Ledger, continued to drive adoption. The fund, managed by abrdn and enabled by Archax, represents the first of its kind on XRPL and aims to improve settlement efficiency for institutional participants.
XRP ETFs See $43.89M Inflows Amid Negative Social Sentiment
AMBCryptoShare
Summary
XRP ETFs saw $43.89 million in inflows over the past two weeks, marking the strongest token launch performance since their debut. Despite declining social sentiment, the ETFs remain in their sixth straight week of inflows. Institutional activity, including Ripple’s $5 million deposit into a tokenized U.S. dollar fund on the XRP Ledger, continues to support growth. The abrdn-managed fund, enabled by Archax, is the first of its kind on XRPL and aims to boost settlement efficiency. Market cap gains for XRP ETFs reflect ongoing institutional confidence.
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.