Incredible Data Emerges from XRP ETFs: A Picture Not Seen in Five Months! What Does This Mean for XRP?

Following Bitcoin (BTC) and Ethereum (ETH), spot ETF applications have been accepted for many altcoins in the US. One of these altcoins is XRP, which has gained legal clarity in the US.

The picture for XRP ETFs was positive, with spot XRP ETFs seeing their largest net inflow since their launch in January.

According to SoSoValue data, US spot XRP ETFs saw net inflows of $25.8 million on Monday. Franklin Templeton’s XRPZ fund led the way with $13.6 million inflows, followed by Bitwise’s XRP fund with $7.6 million and Grayscale’s GXRP fund with $4.6 million.

On May 11, net inflows into XRP ETFs reached $25.8 million, the largest daily inflow since $46 million recorded on January 5.

One analyst said that this quiet accumulation in XRP “shows institutional investors’ confidence in XRP.”

Speaking to The Block, Bitrue senior researcher Andri Fauzan Adziima stated that as XRP matures and becomes an established asset class, capital is flowing back into XRP.

He also added that XRP benefits from gaining regulatory clarity and its use in real-world payments.

Adziima notes that a sharp rise in the XRP price has not yet occurred, but he characterizes this activity in XRP ETFs as a quiet accumulation phase.

The analyst added that this also signals XRP’s consolidation of its position alongside other major cryptocurrencies.

$XRP