The US XRP spot ETF continued to attract funds in late August. On 25 August, the total net inflow of these products was $23.87 million, and the number of consecutive net inflow days was increased to nine trading days. Even with the overall weakness of the encrypted market, the funds remain inflow.
Bitwise is in the lead one day.
Inflows were mainly from a few head products. The XRP ETF of Bitwise recorded a net inflow of $11.02 million, ranked first among the same products. Franklin Templeton was second in the order of $6.39 million, Grayscale attracted $4.28 million and Canary Capital $2.19 million. 21 Shares did not record net inflows or outflows on that date.
Visible return of funds after 18 August litres
The United States XRP spot ETF did not record a combined net inflow on August 14 and August 17, which was then re-corrected on August 18, when it reached $5.81 million. In the following days, funds continued to enter the products, indicating a marked recovery in demand after mid-month.
- Net inflows at 19 August $2.35 million
- Net inflows at 20 August $13.24 million
- Net inflows at 21 August $18.38 million
This was followed by a net inflow of $13.82 million on 24 August and a further increase to $23.87 million on 25 August, resulting in a high single-day level of this round.
At the beginning of the month, demand will rise.
Reports indicate that the flow of such funds was relatively flat in early August, with zero net inflows for many consecutive days. By about 18 August, the cumulative net inflow had remained around $15.1 billion. After entering the second half of the month, the flow of funds accelerated again, reflecting increased market demand for the configuration of the XRP spot ETF.
The CoinGecko data show that the XRP latest report is US$ 1.44, with a cumulative increase of about 40 per cent over the past two weeks.