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XRP demand surged as crypto ETFs attracted 3.2 billion USD in one week

XRP’s inflows reach 421 million USD in 2024: Investment products linked to XRP experienced inflows totaling 145 million USD last week, contributing to a remarkable 421 million USD for 2024. This increase coincides with XRP’s price rise from approximately 0.50 USD to 2.46 USD post-election.

Institutional confidence signals positive trend: The crypto market witnessed historical inflows of 44.5 billion USD this year, driven mainly by Bitcoin. Political developments also inspire hope for regulatory changes, benefiting XRP, with asset managers like WisdomTree filing for XRP-focused ETFs.

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