Although demand for XRP ETFs among institutional investors has slowed significantly in recent days, the funds have just reached a key level in cumulative inflows since they launched late last year.
While the recent market downturn has triggered poor performance across the XRP ETF ecosystem, the funds have only recorded modest inflows in the past week, yet they remain on track to hitting a key milestone soon.
$1.8 billion in XRP ETFs cumulative inflows
As of October 22, the latest data from SosoValue shows that XRP ETFs have reached a massive $1.8 billion in cumulative net inflows since their launch in November last year.
This record level has come after the XRP ETFs attracted $708,520 in daily net inflows during their latest trading session on October 21.
While the XRP ETFs had reached such a major level even at a time when momentum appears to be fading, market speculators have shared optimism about the funds reaching a $2 billion milestone soon if momentum picks up in the coming week.
The record cumulative inflows for XRP ETFs signal sustained investor interest in gaining exposure to XRP through its issuing firms, especially Bitwise.
What to expect?
While the $1.80 billion milestone simply indicates that the leading altcoin has continued to witness a consistent influx of fresh capital despite recent volatility, this positions XRP for bigger expansion.
Notably, this positions XRP for broader adoption as it makes it easier for investors to access XRP through investment firms that they are familiar with without the need to invest in it directly.
Arman Shirinyan
Dan Burgin
