american spots $XRP The ETF is showing early signs of recovery after a period of intense selling pressure, with single-day net inflows of $16.79 million as of January 30. data From SoSoValue.
The significant inflows seen during the latest trading session mark a significant recovery for the sector, which just recorded a high volume of withdrawals, with more than $92 million leaving funds in a single day.
New demand can be seen $XRP Thanks to the ETF, cumulative net inflows increased to $1.18 billion and total net assets increased to $1.19 billion.
$XRP funds regain momentum
Despite the high volatility seen across the crypto market, new capital flows in and prices remain $XRP In the deep red area, trading activity remained strong at $28.74 million.
Also, in most cases $XRP The ETF was down about 3% to 4% each day. However, capital inflows occurred despite short-term price pressures.
on the other hand, $XRP ETFs have been drawing huge inflows from bearish market trends, and financial institutions appear to remain highly confident about the asset’s long-term prospects.
The inflows came just a day after the fund recorded its biggest outflow on record, and the rapid recovery seen the next day suggests that institutional investors may be using the recent price decline as a buying opportunity rather than an exit signal.
21Share the leads with the most traffic
The data further shows that the large infusions of new capital seen on this date were primarily due to 21 stocks $XRP ETF.
Notably, 21Shares TOXR ETF attracted the largest share of inflows with daily inflows of $8.19 million, followed by Bitwise ETF. $XRP $3.91 million ETF, Canaries $XRP The ETF was worth $2.79 million, and Franklin’s XRPZ ETF was worth $1.9 million.
