The XRP market has surged into the spotlight as institutional investors show growing interest, sparking notable movements in XRP following strong daily inflows into exchange-traded funds (ETFs). After a period of stagnation in fund entries, the past 24 hours have seen a remarkable recovery in capital flows.
Record inflow in past 24 hours
According to data shared on Wednesday, May 6 by market analytics platform SosoValue, XRP ETFs received net inflows totaling $11.28 million in the last 24 hours. This figure marks the highest single-day capital injection recorded in the past two weeks for these funds. The fact that there had been virtually no new money entering ETFs in the previous sessions makes this uptick especially noteworthy.
“The latest data shows that total net inflows to XRP ETFs reached $1.31 million, representing a key milestone in XRP’s trajectory.”
Expanding assets in XRP ETFs
With continuous growth since last year, the total net assets of XRP ETFs have now reached $1.09 billion. Despite a significant slowdown earlier this year, a renewed increase in capital is apparent. Recent gains across the broader cryptocurrency market have also positively impacted XRP ETFs.
During this same period, the price of XRP rose by 3.30%, climbing to $1.45 at the time of reporting. The joint attention from both institutional and retail investors has put XRP and its ETF platforms firmly back on the agenda.
Canary and Bitwise lead ETF inflows
Among all funds, the largest daily inflow was directed to the Canary XRP ETF, with investors pouring in a total of $7.50 million in a single day—the biggest individual contribution by far. The XRP ETF offered by Bitwise followed in second place, attracting $2.68 million over the same time frame. The leading status of these two funds reflects a surge in confidence among institutional clients toward these particular ETFs.
The highest daily flow in the past two weeks is seen as tied to both overarching market trends and institutional players seeking to reinforce XRP’s position in the crypto ecosystem. These developments have sparked renewed attention to the XRP ETF market.
Alongside the institutional surge, retail investors are also showing greater interest in XRP, which is mirrored in the upward price momentum. The clear uptick in XRP’s price over the past 24 hours indicates growing bullish sentiment among market participants.
Overall, the infusion of fresh capital into XRP via ETFs and the rising trading volumes point to a broader revitalization that mirrors the general trends observed in the crypto market.
