A slew of announcements at affiliated firm Ripple, together with positive price action for the world’s fourth-largest token by market capitalization, XRP, caused spot exchange-traded funds (ETFs) to attract the greatest inflows since January.
Data from SoSoValue shows that the five spot XRP exchange-traded funds listed in the United States had their best single-day haul since January 5th, when they brought in $46 million during their first week of trading, totaling $25.8 million.
XRPZ by Franklin Templeton, raised $13.6 million, while XRP, held by Bitwise, raised $7.6 million, and GXRP, owned by Grayscale, raised $4.6 million. Neither 21Shares’ TOXR nor Canary’s XRPC saw any daily flows.
The overall net assets of all XRP spot ETFs are $1.18 billion, which is around 1.3% of XRP’s market value, and cumulative net inflows are $1.35 billion. Along with the 1.2% 24-hour increase to $1.47 in value of the underlying token, all XRP funds increased more than 4% on Monday.
Positive Developments
These inflows coincide with Ripple’s announcement that a $200 million lending facility from funds managed by Neuberger Specialty Finance—a worldwide investment management organization specializing in asset-based investments—had been successfully closed.
Client demand for institutional-grade prime services and margin financing solutions is on the rise, and this facility will help Ripple Prime, their multi-asset prime brokerage platform, keep growing.
In a recent announcement, Ripple detailed the successful completion of a tokenized U.S. Treasury settlement on the XRP Ledger. The transaction, which included JPMorgan, Mastercard, and Ondo Finance, took less than five seconds to conduct, and it successfully bridged the gap between public blockchain rails and conventional interbank settlement infrastructure.
To prepare for a possible “Q-day” when quantum computers potentially crack existing encryption, Ripple has launched a four-stage strategy to make the XRP Ledger quantum-resistant by 2028.