On December 18, XRP spot exchange-traded funds (ETFs) recorded a net investment of $30.41 million. According to available data, the Grayscale XRP ETF (GXRP) attracted $10.14 million in a single day, bringing its total historical investment to $233 million. Similarly, the 21Shares XRP ETF (TOXR) reported a daily net investment of $9.73 million, raising its total investment to $15.4 million. Currently, the total net asset value of XRP spot ETFs has reached $1.14 billion, with an XRP net asset ratio of 0.98%. Historically, these ETFs have amassed a cumulative investment of $1.06 billion, indicating the rapidly growing popularity of this cryptocurrency. XRP, developed by Ripple Labs, is a well-known digital currency primarily used for fast and low-cost international money transfers among financial institutions. Spot ETFs invest based on the actual asset prices, allowing investors to gain exposure without directly holding the cryptocurrency. These investment trends suggest increasing market interest in XRP, potentially positively impacting its future price; however, volatility remains a significant factor due to the inherent uncertainties in the crypto market.
Source: binance
