In the first week of December, XRP spot ETFs attracted a total investment of $231 million. Grayscale’s XRP ETF (GXRP) led the inflows with a net addition of $140 million, bringing its historical total net inflows to $212 million. Franklin’s XRP ETF (XRPZ) also recorded net inflows of $49.29 million, pushing its total net inflows close to $135 million. According to the latest report, the total net assets of XRP spot ETFs stand at approximately $861 million, representing an ETF net asset ratio of 0.71% compared to Bitcoin’s total market value. Historically, total net inflows into XRP spot ETFs have reached around $897 million. XRP, a popular cryptocurrency based on the Ripple network, is primarily used for faster and low-cost transfers between banks and financial institutions. Spot ETFs are financial instruments that invest directly in the underlying cryptocurrency assets, allowing investors to gain exposure to cryptocurrency price movements without holding the actual coins. This growing investment trend reflects increased market confidence and popularity of XRP amid ongoing volatility in the cryptocurrency market. However, investors should remain cautious of potential risks, including regulatory changes and market uncertainties that may impact this sector.
Source: binance
