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  • XRP ETFs Extend Inflow Streak to Nine Days as Demand Rises
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XRP ETFs Extend Inflow Streak to Nine Days as Demand Rises

Dennis Gatheca 2 months ago (Last updated: 2 months ago) 3 minutes read 0 comments
RIPPLE XRP etfs
  • XRP ETFs recorded $23.87 million in inflows, extending their streak to nine consecutive days.
  • Rising ETF demand comes as XRP gains 40% over the past two weeks.

U.S. spot XRP ETFs recorded $23.87 million in net inflows on August 25. The latest figure extended their positive streak to nine consecutive trading days.

The inflows came despite a broader crypto market sell-off. They also pushed cumulative net inflows into U.S. spot XRP ETFs to around $1.6 billion.

Bitwise Leads XRP ETF Inflows

Bitwise led XRP ETF inflows on August 25 with $11.02 million. Franklin Templeton followed with $6.39 million, while Grayscale added $4.28 million and Canary Capital recorded $2.19 million.

The 21Shares XRP ETF reported no net flows that day. Overall, demand for XRP ETFs has increased in the second half of August after a quieter start to the month.

Between August 5 and August 18, cumulative inflows stayed near $1.51 billion. Several trading sessions during this period recorded no net inflows.

XRP ETF Demand Picks Up

Demand improved sharply from August 18 onward. XRP ETFs recorded $5.81 million in inflows on August 18 and another $2.35 million on August 19.

The inflows increased to $13.24 million on August 20. They then reached $18.38 million on August 21 before adding $13.82 million on August 24.

The $23.87 million recorded on August 25 marked the strongest daily inflow in the latest five-session period.

Together, XRP ETFs attracted about $77.5 million during the latest five trading sessions. They recorded roughly $39.8 million in net inflows during the previous week.

The funds held about $1.46 billion in net assets at the close of trading on August 25.

XRP Price Gains 40% in Two Weeks

The rise in ETF demand comes as XRP posts notable price gains. XRP was trading around $1.44, according to CoinGecko data.

XRP has gained about 40% over the past two weeks. The combination of rising ETF inflows and recent price gains points to stronger investor interest.

However, continued inflows will remain important for XRP as the wider crypto market faces selling pressure. Sustained ETF demand could help support investor sentiment if the trend continues.

For now, the nine-day inflow streak marks a notable shift from the weaker flows seen earlier in August.

ALSO READ: Ethereum Proposes Draft EIP for Replacing BLS Signatures With Quantum-Safe Keys

DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

About the Author

Dennis Gatheca

Author

Denis G is an author at Crypto News Focus, where he covers developments in blockchain, digital assets, and industry trends with clarity and insight. With experience as a crypto writer contributing to reputable blockchain media, Denis brings a deep understanding of the digital asset ecosystem to his work. At Crypto News Focus, he delivers well-researched, timely updates that help readers stay informed about key market movements and technological advancements.

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