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Surprising Data from XRP ETF Emerges: The Scene Unseen for Five Months! What Does This Mean for XRP?
Following Bitcoin (BTC) and Ethereum (ETH), many U.S. spot ETF applications for altcoins have been approved. Among them is XRP, which has gained legal clarity in the U.S.
The XRP ETF situation is positive, with the spot XRP ETF experiencing the largest net inflow since its launch in January.
According to SoSoValue, U.S. spot XRP ETFs saw a net inflow of $25.8 million on Monday. Franklin Templeton's XRPZ fund led the trend with $13.6 million in inflows, followed by Bitwise's XRP fund with $7.6 million, and Grayscale's GXRP fund with $4.6 million.
On May 11, the net inflow for XRP ETFs reached $25.8 million, the largest single-day inflow since the $46 million recorded on January 5.
An analyst said that XRP's quiet accumulation "demonstrates institutional investors' confidence in XRP."
Andri Fauzan Adziima, senior researcher at Bitrue, told The Block that as XRP matures and becomes a mature asset class, capital is flowing back into XRP.
He also added that XRP benefits from regulatory clarity and its use in real-world payments.
Adziima pointed out that XRP's price has not yet experienced a sharp surge, but he describes this activity in XRP ETFs as a phase of silent accumulation.
The analyst further added that this also marks the consolidation of XRP's position relative to other major cryptocurrencies.