XRP ETFs Post 11th Straight Day of Inflows as Price Hovers Above $2

US spot XRP ETFs have recorded 11 consecutive days of web inflows, pulling in US$89.65 million on Monday and pushing whole inflows since launch to US$756 million.
The cumulative influx has absorbed practically 330 million XRP in 11 days, surpassing Solana ETF flows and outpacing present Bitcoin ETF inflows.
The demand is supported by Vanguard opening its platform to third-party crypto ETFs, together with XRP merchandise, and analysts pointing to “bullish divergence” on XRP’s worth charts.

Cash has saved flowing into US spot XRP exchange-traded funds (ETFs) for 11 days in a row, at the same time as merchants debate whether or not the token can maintain above US$2 (AU$3.06) and prolong its current restoration.

Knowledge from SoSoValue exhibits that US-listed spot XRP ETFs introduced in US$89.65 million (AU$137.16 million) on Monday, taking whole web inflows since launch on Nov. 13 to US$756 million (AU$1.16 billion). Property below administration now stand at about US$723 million (AU$1.11 billion).

Supply: SoSo Worth.

4 XRP ETFs are at present reside. Canary’s XRPC on Nasdaq leads with round US$350 million (AU$535.5 million) in web inflows, adopted by Bitwise’s product with roughly US$170 million (AU$260.1 million).

In whole, virtually 330 million XRP have been absorbed over the past 11 days, greater than Solana ETF flows over the identical interval and towards a backdrop of smaller Bitcoin ETF inflows.

Learn extra: Kalshi Goes Onchain With Solana in Bid to Challenge Polymarket

XRP ETFs Shattering Information

Globally, XRP exchange-traded merchandise noticed report demand final week, attracting US$289 million (AU$442.17 million), in accordance with CoinShares’ head of analysis James Butterfill. He linked the transfer to the launch of latest U.S. XRP ETFs, together with Canary Capital’s fund.

Vanguard, which manages about US$11 trillion (AU$16.83 trillion), can be opening its platform to crypto ETFs, including XRP products, for greater than 50 million shoppers this week.

On the charts, XRP is at present buying and selling at US$2.16 (AU$3.29), a 14% lower prior to now month, however a 6.4% enhance within the final 24 hours.

Furthermore, Merchants like ChartNerd see indicators of momentum constructing, pointing to a “bullish divergence” between XRP’s worth and its relative power index (RSI) on the day by day chart, which might imply promoting strain is fading and a bounce is extra seemingly.