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Just noticed something interesting about XRP crypto ETFs last week. The spot ETF products saw a total net inflow of $11.75 million, which is solid momentum if you ask me. Bitwise's XRP ETF was the clear leader with $9.5 million of that inflow, bringing their total accumulated net flow to $388 million. Franklin's XRPZ followed up with nearly $3 million in weekly inflows.
What caught my eye though is the bigger picture. The total assets in these XRP spot ETFs have hit $968 million now, and they represent about 1.16% of XRP's overall market cap. One product, 21Shares' TOXR, actually saw outflows of around $661k last week, but that's pretty minor compared to the overall trend.
If you're tracking crypto ETFs as an indicator of institutional interest, these numbers suggest people are still accumulating XRP through these vehicles. The cumulative net inflow since inception is already at $1.22 billion, which is pretty significant when you think about it.