XRP ETF, Institutional Funds Surge After Quiet Period... Will it Break a Record in 2 Weeks?

▲ XRP ETF/ChatGPT generated image

The XRP ETF market has seen its largest daily inflow of funds in over two weeks. Breaking away from a trend of almost no new fund inflows in recent days, institutional investor demand appears to be reviving.

U.Today reported on May 6, citing data from the ETF tracking platform SosoValue, that XRP ETFs recorded a total net inflow of $11.28 million in the recent 24-hour trading session. This figure represents the largest single-day inflow recorded in over two weeks.

The original text stated that the XRP ETF market showed a clear recovery in daily fund flows compared to the previous week. As new fund inflows had been limited in recent days, this net inflow is particularly significant as it indicates a revival in XRP ETF investment sentiment.

With this inflow, the cumulative net inflow for XRP ETFs reached $1.31 million. U.Today explained that the XRP ETF market has maintained steady growth since its launch late last year, recording a combined net asset value of $1.09 billion even amid a slowdown early this year.

The largest inflow came from the Canary XRP ETF. Investors poured $7.5 million into this fund in one day, and Canary recorded the highest inflow among XRP ETFs on that day.

The Bitwise XRP ETF followed suit, recording an inflow of $2.68 million on the same day. U.Today presented the fund flows into Canary and Bitwise as a signal of expanding institutional investor demand in the XRP ETF market.

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