XRP ETFs Recover From Heavy Downturn With $16.79 Million Fresh Capital Intake

Cover image via U.Today Read U.TODAY on Google News XRP funds regain momentum 21Shares leads with highest inflow Advertisement The U.S. spot XRP ETFs are showing early signs of recovery after a period of intense selling pressure, recording a net inflow of $16.79 million in a single day as of Jan. 30, according to data from SoSoValue. The notable inflow seen during the last trading session marks a major recovery for the sector as they have just recorded heavy withdrawals, with over $92 million moved out of the funds in one day. The renewed demand seen among the XRP ETFs have helped increase their cumulative net inflows to a massive $1.18 billion, while total net assets also increased to $1.19 billion. HOT Stories Ripple CTO Emeritus Breaks Silence on XRP and XLM in Epstein Files Crypto Market Review: Did XRP Downtrend End? Shiba Inu (SHIB) Taking a Beating, Bitcoin (BTC) Safe Above $80,000 U.Today Crypto Digest: XRP Millionaires Awaken, Shiba Inu Buyers Step In, Dogecoin Sees 10,782% Rise in Futures Volume Scaramucci: ‘Get Ready’ as Bitcoin Firms Against Falling Gold XRP funds regain momentum While the fresh capital had flowed in despite the high volatility seen across the crypto market, with the price of XRP trading in the deep red territory, trading activity remained steady with $28.74 million. Advertisement Also, it is important to note that most XRP ETFs posted daily declines of around 3% to 4%. However, the inflows occurred despite short-term price pressure. While the XRP ETFs have pulled the massive inflows from the bearish market trends, it appears that institutions remain keenly convinced about the asset’s long-term prospects. With the inflow coming just a day after the funds recorded their largest outflow ever, the quick recovery seen in the next day suggests that institutional investors may be using recent price weakness as a buying opportunity rather than an exit signal. Advertisement 21Shares leads with highest inflow The data further showed that the massive injection of fresh capital seen on the day was majorly contributed to by the 21Shares XRP ETF. Notably, 21Shares’ TOXR ETF attracted the largest share of inflow with $8.19 million in daily inflows, followed by Bitwise’s XRP ETF with $3.91 million, Canary’s XRP ETF with $2.79 million and Franklin’s XRPZ ETF with $1.90 million. #XRP #Spot XRP ETF #Bitwise