XRP was strong last week at both the spot and ETF ends. The ETF market for this asset recorded the best single-week performance since May as the purchase rebounded.
Return of ETF funds
According to SosoValue, the XRP ETF received almost daily inflows last week, with a total net inflow of $39.78 million. In previous weeks, new funding for such products had been inactive, and the recovery had been more pronounced last week.
Cumulative scale to $1.55 billion
With the re-entry of funds, the cumulative net inflow of XRP ETF rose to $1.55 billion, reaching a new high since its launch at the end of last year. According to the article, this change reflects the recovery of market demand for XRP products.
Bitwise keeps buying.
In the broader context of the warming of the encryption market, the price of XRP rose by nearly 60 per cent over the same period. It was also mentioned that institutional investors continuously buy XRP-related products through Bitwise and that the agency is in the lead in all high trading days.