XRP ETFs Hit $1.8 Billion in Cumulative Inflows Since Launch

Although demand for $XRP ETFs among institutional investors has slowed significantly in recent days, the funds have just reached a key level in cumulative inflows since they launched late last year.

While the recent market downturn has triggered poor performance across the $XRP ETF ecosystem, the funds have only recorded modest inflows in the past week, yet they remain on track to hitting a key milestone soon.

$1.8 billion in $XRP ETFs cumulative inflows

As of October 22, the latest data from SosoValue shows that $XRP ETFs have reached a massive $1.8 billion in cumulative net inflows since their launch in November last year.

This record level has come after the $XRP ETFs attracted $708,520 in daily net inflows during their latest trading session on October 21.

While the $XRP ETFs had reached such a major level even at a time when momentum appears to be fading, market speculators have shared optimism about the funds reaching a $2 billion milestone soon if momentum picks up in the coming week.

The record cumulative inflows for $XRP ETFs signal sustained investor interest in gaining exposure to $XRP through its issuing firms, especially Bitwise.

What to expect?

While the $1.80 billion milestone simply indicates that the leading altcoin has continued to witness a consistent influx of fresh capital despite recent volatility, this positions $XRP for bigger expansion.

Notably, this positions $XRP for broader adoption as it makes it easier for investors to access $XRP through investment firms that they are familiar with without the need to invest in it directly.