XRP Spot Inflows Surge 2,490% After US ETF Launch

A significant surge in XRP spot inflow has been observed following the launch of the first U.S.-based spot XRP ETF by Canary Asset Management. This landmark event saw a dramatic increase of over 2,490%. Institutional investors are showing increased interest, fueling market activity and signaling a potential shift in XRP’s position within the broader cryptocurrency landscape. The ETF’s debut spurred substantial whale transactions exceeding $200 million, further indicating institutional involvement. This influx coincides with increased trading volume on platforms like Coinbase, reaching a high of $4.9 billion.