XRP Spot ETF Sees Massive Influx of Funds on May 21

The cryptocurrency market has seen significant fluctuations in recent times, but one area that remains steady is the XRP spot ETF. According to SoSoValue data, on May 21, there was a substantial net inflow of $8.8843 million into these funds.

This influx has primarily been driven by two major players: the Canary XRP ETF (XRPC) and the Bitwise XRP ETF (XRP). The former had the highest net inflow at $6.5777 million, bringing its total to $452 million, while the latter saw a net inflow of $2.3066 million, increasing its historical total to $462 million.

As of writing, the total net asset value (NAV) of these XRP spot ETFs stood at $1.148 billion, with an XRP NAV ratio of 1.35%. This development underscores the ongoing interest in Ripple's digital currency and highlights the resilience of its investment options.