Exchange-traded funds (ETFs) based on the cryptocurrency XRP have seen net capital inflows into Wall Street markets for 15 consecutive days. Thus, it has accumulated a total of $897 million since its gradual launch in the United States.
Canary XRP ETF managed by investment company Canary Capital 363 million, establishing itself as a leader in attracting investment flows In previous entries.
Grayscale XRP Trust ETF (GXRP) came in second with $211 million in inflows, followed by Bitwise XRP ETF (XRP) with $187 million and Franklin.
The graph below shows the XRP ETF’s capital flows on a daily basis.
The optimism surrounding the adoption of XRP ETFs is reflected in the sector’s total assets under management. More than $860 million has already been distributed across four funds. We are currently operating in the US market.
This figure highlights the growing interest of institutional investors in financial products related to crypto assets other than Bitcoin (BTC), even as the prices of cryptocurrencies have declined.
As reported by CriptoNoticias, this movement between ETF entries and XRP price serves as a reminder to the market. The existence of an exchange-traded fund does not automatically guarantee that the price of the underlying digital asset will increase.