XRP exchange-traded funds (ETFs) are defying the bearish outlook in the broader cryptocurrency market and have registered the highest inflows in four weeks. The surge in institutional demand coincides with a major adoption of the XRP Ledger following Australia’s issuance of a regulatory license for the Australian dollar. At press time, XRP traded at $1.36, down 3.28% intraday.
XRP ETF Inflows Hit $7.53M, Highest in 4 Weeks
Data from SoSoValue confirms rising demand for spot XRP ETFs among US-based investors despite declining network activity. On March 3, inflows to the product reached $7.53 million, which is the highest amount recorded since February 4. In fact, the data shows that the ETFs have recorded positive flows for the last six consecutive trading days.
(XRP ETF Inflows/Source: SoSoValue)Most of the inflows came from the Bitwise ETF, which saw $6.08 million, while Canary recorded $1.45 million. The total cumulative inflows for the product have now surpassed $1.2 billion, while the net assets are valued at $1 billion, equivalent to 1.21% of XRP’s market cap.
The recent data adds to the bullish month that XRP has recorded, with CoinShares recent report showing month-to-date inflows of $106 million. This is notably higher than Ethereum’s $53 million in outflows during the month.
Per CoinShares, XRP ranks fourth in terms of assets under management, with fund managers holding $2.4 billion in XRP AUM. This is higher than Solana’s AUM of $2.15 billion.
Australia’s Digital Dollar to Launch on XRP Ledger
The rising demand for XRP by institutions may continue to rise following the recent move by the Australian Securities and Investments Commission (ASIC) to issue an Australian Financial Services License (AFSL) to the AUDD dollar stablecoin.
The AUDD runs on the XRP Ledger and other blockchain networks, including Ethereum, Solana, and XRP rival, Stellar. The recent regulatory approval has removed the regulatory risk barrier for domestic banks and asset managers seeking to transact with AUDD, and this could drive interest in the blockchain on which Stablecoin runs, including the XRP Ledger.
The development comes after Ripple announced that, in 2026, the company plans to make the XRP Ledger ecosystem available for funding, technical support, and venture networks. It said it would achieve this through initiatives such as partnerships with various ecosystem organizations.
Source: https://zycrypto.com/us-xrp-etf-inflows-hit-4-week-high-as-australia-taps-xrp-ledger-for-digital-dollar/
