TLDR XRP exchange-traded funds surpassed $1 billion in assets under management across five major issuers The token’s long track record and familiarity among traditionalTLDR XRP exchange-traded funds surpassed $1 billion in assets under management across five major issuers The token’s long track record and familiarity among traditional

XRP Price: Exchange-Traded Funds Surpass $1 Billion in Total Assets

TLDR

  • XRP exchange-traded funds surpassed $1 billion in assets under management across five major issuers
  • The token’s long track record and familiarity among traditional investors helped drive ETF adoption
  • Spot XRP ETFs recorded $423.27 million in inflows since November 14
  • XRP price reached $1.85, up 4.26% despite recovering from early session losses to $1.797
  • VivoPower announced a partnership to acquire Ripple Labs equity worth nearly $1 billion in XRP exposure

XRP exchange-traded funds crossed the $1 billion mark in total assets under management. The milestone comes as traditional investors continue allocating capital to cryptocurrency products.

Five major ETF issuers now hold $1.14 billion in combined assets. Canary Capital, 21Shares, Grayscale Investments, Bitwise Asset Management and Franklin Templeton make up the group.

The token’s multi-year price performance attracted attention from institutional buyers. XRP gained approximately 417% since 2022, though it declined 22.81% since the start of this year.

xrp priceXRP Price

Spot XRP ETFs recorded $423.27 million in net inflows since November 14. The data from CoinGlass shows sustained interest from investors entering through regulated products.

Price Recovery After Morning Dip

XRP traded at $1.85 during Wednesday’s session after recovering from early weakness. The token dropped to $1.797 during European morning hours before buyers stepped in.

The rebound happened during U.S. trading hours as buyers pushed the token toward session highs. Short-term support formed above $1.84, though trading volume remained below recent averages.

Volume spikes at 03:25 and 03:26 UTC totaled nearly 19 million tokens. The concentrated bursts of activity pushed price through the $1.84 resistance level.

The price action developed without a broader market catalyst. Technical positioning and specific token flows drove the movement rather than general market momentum.

Ripple Equity Deal Boosts Sentiment

VivoPower announced a partnership with Lean Ventures to acquire Ripple Labs equity. The joint venture provides indirect exposure to nearly $1 billion worth of XRP.

The partnership aims to source up to $300 million in Ripple shares. The target market includes institutional and qualified retail investors in South Korea.

VivoPower expects to generate roughly $75 million in management and performance fees over three years. The deal reinforces institutional interest in Ripple-linked assets.

The token now trades at $1.81 at the time of publication. XRP consolidated just below the $1.87 to $1.90 supply zone where sellers previously emerged.

The current setup shows controlled accumulation rather than momentum chasing. Lighter turnover suggests institutions remain cautious at current price levels.

The post XRP Price: Exchange-Traded Funds Surpass $1 Billion in Total Assets appeared first on CoinCentral.

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