Latest XRP news: Ripple-linked ETFs attract biggest inflows since January
XRP ETFs saw their largest inflows since January, totaling $25.8 million, amid positive developments for Ripple.Summary
U.S.-listed spot XRP exchange-traded funds (ETFs) experienced their largest single-day net inflow of $25.8 million on Monday, a level not seen since January 5th. This surge occurred despite a decline in ether spot ETFs. The inflows were driven by positive news surrounding Ripple, including the closing of a $200 million debt facility to support its prime brokerage platform and the successful pilot of a tokenized U.S. Treasury settlement on the XRP Ledger. Additionally, Ripple unveiled a plan to make the XRP Ledger quantum-resistant by 2028. These developments, along with a 1.2% increase in XRP's price, contributed to the strong performance of XRP ETFs, with Franklin Templeton's XRPZ leading the inflows. Cumulative net inflows for XRP spot ETFs have reached $1.35 billion, with total net assets at $1.18 billion. This contrasts with ether ETFs, which saw outflows, and follows a pattern where bitcoin ETFs lead, with altcoin ETFs like XRP's benefiting from spillover interest.
(Source：CoinDesk)