XRP ETFs See Record $1.55 Billion in Inflows as Token Surges 70%
XRP ETF inflows reached a record high of $1.55 billion during the third week of August, driven by renewed investor interest and a sharp price increase. The token surged over 70% within three days after struggling to maintain support above $1.00 earlier in the month. While XRP's rally lagged behind Bitcoin (BTC-USD) and Ethereum (ETH-USD), it eventually caught up with strong inflows on August 21, marking a single-day record of $18.38 million. Bitwise’s XRP ETF remains the largest by assets under management at $542.69 million, followed closely by Canary Capital and Franklin Templeton offerings. Analysts suggest that for the broader trend to turn bullish, XRP must break through its key resistance zone of $1.65–$1.70, a level it has failed multiple times in recent months.
Topics: ETFs inflows price surge XRP