The XRP ETF has experienced a significant resurgence in institutional demand, recording $11.28 million in net inflows over the past 24 hours, marking the highest single-day inflow in over two weeks. This development, reported by ETF tracking platform SosoValue, highlights a renewed confidence among institutional investors as the broader cryptocurrency market recovers.
The latest inflows have pushed the XRP ETF's total cumulative net inflow to $1.31 million, with total net assets reaching $1.09 billion. The Canary XRP ETF led the inflows with $7.5 million, reflecting strong investor confidence. As a result, XRP's price has risen by 3.30% to $1.45, driven by increased demand from both retail and institutional investors.
XRP ETF Records $11.28 Million Inflows, Highest in Two Weeks
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