XRP ETFs Attract $845 Million in Inflows, Outpacing Ethereum and Solana
XRP exchange-traded funds have seen an impressive surge in inflows, surpassing both Ethereum and Solana products in terms of capital accumulation. In just 13 trading days, XRP ETFs reached a remarkable $844.99 million in net inflows, marking them as the third crypto asset to cross the $800 million threshold. This rapid growth positions XRP as a frontrunner in the market, outpacing competitors like Solana.
Unlike Bitcoin, which achieved $800 million in just two days, XRP’s journey to this milestone showcases its quick ramp-up in popularity. Even Ethereum, a prominent cryptocurrency, took 95 sessions to reach the same level, underscoring XRP’s swift ascent. With XRP’s entry into the market occurring later than Solana’s, the fact that XRP ETFs have outperformed their counterparts showcases robust investor interest and confidence in the asset.
Vanguard, a leading investment management company, recently incorporated a range of XRP funds into its Digital Assets category. This addition includes various types of ETFs, such as active, index-based, leveraged, and premium-income funds, alongside offerings from other reputable providers like Bitwise, Franklin Templeton, and CoinShares. The broad availability of XRP products on Vanguard’s platform indicates a growing demand among traditional investors seeking regulated exposure to digital assets.
In terms of price movement, XRP has been trading around $2.16, with a daily volume exceeding $4.7 billion. Market analysts are closely monitoring the $2 support level, considering it a critical zone for the asset. Despite forming lower highs on the price chart, buyers have consistently defended the $2 floor, suggesting a strong level of support. A potential bounce above $2.20 could pave the way for further gains towards $2.40, while a dip below $2 may shift attention to the broader demand zone between $1.80 and $1.20.
Overall, XRP’s continued influx of capital through ETFs, combined with heightened access provided by platforms like Vanguard, positions the asset in a pivotal phase. The upcoming trading sessions will determine whether buyers can maintain the positive trend by holding the $2 zone. With strong demand, expanded accessibility, and key technical levels in play, XRP remains a focal point in the crypto market.
