XRP ETFs Buy 80M Tokens — Is a New Bull Run Starting?
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Two new XRP ETFs absorbed 80 million tokens on launch as the price formed a bullish flag after hitting resistance at $2.20.
XRP’s newly launched exchange-traded funds (ETFs) absorbed nearly 80 million tokens on Monday, sharply outperforming Solana’s recent ETF debut. The rapid inflows have pushed total assets under management (AUM) to $778 million, according to data from XRP Insights.
Grayscale and Franklin Templeton’s XRP ETFs absorbed nearly $130 million on product launch.
Sustained ETF inflows and not just opening demand will determine XRP’s structural advantage in price recovery.
XRP formed a bullish flag, but it remains in a technically bearish trend below key EMAs.
XRP ETF start sparks market optimism for continued demand
Grayscale’s GXRP pulled in $67.4 million, and Franklin Templeton’s XRPZ attracted $62.6 million during its launch on Nov. 24, pushing total XRP ETF assets above $628 million on that day. Nearly 80 million XRP tokens were absorbed in 24 hours, outpacing the early inflows recorded during recent Solana’s ETF debut and occurring against a backdrop of Bitcoin outflows.
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