Xrp Etfs Absorb 80m Tokens: Is A New Bull Trend Starting For The...

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 (XRP) 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.

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 (SOL) ETF debut and occurring against a backdrop of Bitcoin outflows.

Currently, four XRP ETFs are live, with Canary’s XRPC on Nasdaq leading at $331 million in cumulative net inflows, followed by Bitwise’s XRP ETF at $168 million.

Such rapid absorption matters because ETF demand directly pressures circulating supply, yet sustained inflows must continue to determine XRP’s long-term benefit.

XRP advocate Chad Steingraber remained upbeat, noting that “each share is 10 to 20 XRP… a significant bump for the share price,” adding that sustained inflows could create a FOMO-driven volume surge, allowing the ETF to become an “influencer of market dynamics” over time.

Meanwhile, XRP ETF mania is set to continue as 21Shares’ TOXR is speculated to launch on Nov. 29, on Cboe BZX after receiving S-1 and Form 8-A approval. The product carries a 0.50% fee and seeks $500,000 in seed capital, expanding US. spot XRP exposure.

Source: CoinTelegraph