XRP Spot ETF Inflows Reach 4-Month High Despite Underlying Asset's Price Stagnation

The spot exchange-traded funds (ETFs) tracking the second-largest non-stablecoin altcoin have seen a significant increase in inflows in April, with $81.59 million pouring in, marking their best month since December.

This is a notable shift from March, which saw net outflows of over $31 million, breaking a streak of consecutive months with positive net inflows that began in November.

Despite the increase in ETF inflows, the underlying asset has yet to show significant gains, currently trading below $1.40 after a decline following the launch of the spot XRP ETFs.