The price of XRP has rebounded after a recent fall. Meanwhile, according to data from SoSoValue, the Spot XRP ETF saw a net inflow of $164 million on November 24, marking the second highest single-day inflow since the fund began trading.
Grayscale's GXRP led all issuers with a fund inflow of $67.36 million after its launch yesterday. Franklin Templeton's XRPZ followed closely with an inflow of $62.59 million. This marks the seventh consecutive day of fund inflows for XRP and is the second highest single-day fund inflow record since the launch of the Canary fund.
Franklin Templeton just launched its XRP ETF (XRPZ) yesterday, which has already garnered significant investment. The Canary Fund ranks 231st globally with ETF assets exceeding $84 million, yet it continues to attract attention. Since the establishment of its XRPC fund on November 21, total investments have reached $306 million. These investments have driven up the price of XRP, with CoinMarketCap data showing that XRP has risen over 8% in a single day.
Cryptocurrency analyst Chad Steingraber stated that this is just the beginning of the momentum for the XRP ETF. He compared it to the performance of Bitcoin ETFs when they were first launched. Steingraber pointed out that several months after the launch of Bitcoin ETFs, there were multiple instances of single-day inflows exceeding $1 billion. (CoinGape)
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