XRP ETF (Shutterstock photo)

XRP spot exchange-traded funds (ETFs) recorded net inflows of $11.2 million on April 14, the biggest daily inflow since February.

SoSoValue data cited by blockchain outlet The Crypto Basic on April 15 showed XRP spot ETFs extended net inflows for a third straight session alongside a rebound in XRP prices.

The inflow was the largest since $15.16 million recorded on Feb. 6. XRP spot ETFs had posted a weak run as market volatility increased. Even during the seven-session stretch of net inflows from Feb. 24 to March 4, double-digit daily inflows did not reappear.

The April 14 inflow was led by Bitwise’s XRP spot ETF, ticker XRP, and Franklin Templeton’s XRP spot ETF, ticker XRPZ. Bitwise drew $4.56 million and Franklin Templeton’s XRPZ took in $6.64 million. Other XRP spot ETFs had no inflows or outflows that day.

The move extends a recovery that began on April 10. XRP spot ETFs had been weak in March and early April as price pressure weighed on investor sentiment. After a strong run in late February, they recorded net outflows for four straight sessions from March 5 to March 10, and flows were uneven thereafter.

Inflows of $9.09 million on April 11 were followed by an additional $1.46 million early this week, shifting the mood. Adding $11.2 million on April 14 completed three straight sessions of net inflows. That was the first three-session inflow streak since early March.

Total new inflows over the period reached $21.75 million. Cumulative net inflows for XRP spot ETFs rose to $1.23 billion. The peak for cumulative net inflows was $1.28 billion recorded on Jan. 16.

Cumulative totals had previously dropped sharply after $53.3 million left in a single day on Jan. 20. Cumulative net inflows then swung up and down. Against that backdrop, the latest three-session inflow streak is interpreted as a sign that money is starting to flow back into XRP spot ETFs.

The inflows also coincided with a strong run across the broader crypto ETF market that day. With the XRP price rebound continuing and accompanied by actual inflows, the next point to watch is whether investment demand is reviving beyond a simple price recovery.

Keyword

#XRP #SoSoValue #The Crypto Basic #Bitwise #Franklin Templeton
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