Since its launch, the XRP spot exchange-traded fund (ETF) has attracted new capital every trading day, resulting in a net investment of approximately $975 million over 30 days. This trend contrasts with Bitcoin and Ethereum, where investment flows have shown fluctuations during the same period. XRP, developed by Ripple Labs, is used for fast and low-cost payments between international financial institutions, and its growing popularity and investment reflect increasing acceptance in the crypto market and potential future use. ETFs allow investors to participate in cryptocurrency markets without directly buying the coins, enabling them to benefit from price changes without ownership. The continuous rise in investment in the XRP spot ETF indicates investor confidence in the cryptocurrency’s prospects. Despite price volatility, Bitcoin and Ethereum ETFs have not experienced stable inflows, likely due to overall market uncertainty and possible regulatory restrictions. If the current trend continues, XRP’s popularity may grow further; however, given the crypto market’s inherent volatility, investors should remain cautious as regulatory changes and global financial conditions could impact the market.
Source: coindesk
