Ripple ETFs See Best Week Since May as XRP Exploded to 7-Month High

Unlike the BTC and ETH ETF inflows, Friday was actually the best day for the XRP ETFs. The winds have changed in the cryptocurrency markets, and this is particularly evident in the exchange-traded funds tracking several assets, such as Ripple’s native token. Although they were mostly in the green, the spot XRP ETFs struggled for months with little to no actual demand, especially in August. However, this changed for the better last week. XRP ETFs See Local High Monday began on a similar dull note for the funds, as SoSoValue shows $0.00 in actual flows. This continued a painful streak that began at the start of the month, in which seven out of the 11 trading days saw no action. However, investors returned on August 18, pouring $5.81 million into the funds. This was the biggest daily net inflow for the month. Interestingly, the ETFs gained just $2.35 million on Wednesday, which was the day everything changed in the crypto markets. As reported extensively, the US Treasury Department announced a major monetary pivot, while Trump hosted a Crypto Summit in the White House, which were considered the main catalysts for the price revival. Perhaps that’s why XRP was a little late to the party...