Crypto NewsNewsXRP Spot ETFs: The Landscape Is Shifting—Here’s the Latest Update

XRP Spot ETFs: The Landscape Is Shifting—Here’s the Latest Update

Significant progress has been made towards reaching the total asset target of 1 billion XRP in XRP Spot ETFs.

Follow Bitcoin Sistemi Google News Button

As institutional interest in XRP spot ETFs continues to grow, the total amount of XRP held in ETFs has reached 881.52 million.

According to current data, total assets under management (AUM) has risen to $1.28 billion, while the amount of XRP locked in ETFs represents approximately 0.88% of the total supply. The XRP price, meanwhile, has fallen 1.22% in the last 24 hours, trading at $1.42.

According to Week 20 data, spot XRP ETFs saw net inflows of 38.34 million XRP. In dollar terms, this inflow is worth approximately $54.44 million. During the same period, total inflows reached 34.05 million XRP, while outflows were only 439.6 thousand XRP. Thus, the net total inflow was recorded as 33.61 million XRP.

Looking at ETFs individually, the largest weekly inflow was 13.6 million XRP in Franklin Templeton’s XRPZ fund. Bitwise’s XRP ETF saw 12.6 million XRP inflows, while Canary Capital’s fund received 3.2 million XRP, and Grayscale’s GXRP fund saw 3.1 million XRP. 21Shares’ TOXR ETF recorded a net inflow of 780,000 XRP, and REX-Osprey’s XRPR fund saw a net inflow of 339,000 XRP.

Related News  A Denial Has Come from the Country Allegedly to Have Sold $1 Billion Worth of Bitcoin: “We Don't Recall Anything Like That”

Bitwise leads in total XRP holdings with 235 million XRP. Canary Capital is second with 208.4 million XRP, while Franklin Templeton is third with 185.2 million XRP. 21Shares’ ETF holds 108 million XRP, Grayscale’s GXRP fund has 48.3 million XRP, and REX-Osprey’s XRPR fund holds 39.9 million XRP.

In terms of trading volume, according to the latest closing data, the total daily XRP ETF volume reached $24.53 million. The highest trading volume was recorded by the Bitwise XRP ETF with $12.10 million, while Canary Capital’s XRPC fund recorded $5.35 million and Franklin Templeton’s XRPZ fund recorded $5.28 million. Grayscale’s GXRP fund reached a trading volume of $1.53 million, while the REX-Osprey XRPR fund saw $273,000 and the 21Shares TOXR fund approximately $10,000 in trading volume.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week