US XRP Spot ETFs Attract $11.9M Net Inflows in Single Day
US XRP spot ETFs saw a net inflow of $11.89 million on Nov. 21, led by Bitwise’s $11.28 million and Canary’s $0.62 million. Bitwise XRP ETF has amassed $117 million in total net inflows, while Canary XRPC ETF reached $306 million. Combined assets under management (AUM) stand at $384 million, with a net asset ratio of 0.33% and cumulative inflows of $423 million. The consistent inflows into XRP spot ETFs indicate rising institutional demand. Traders may interpret this momentum as bullish for XRP, as ETF flows often signal broader market confidence and liquidity improvements.
Bullish
Net inflows into XRP spot ETFs reflect renewed institutional interest, a key driver of price momentum. Historical data from Bitcoin spot ETF launches show that sustained ETF inflows often correlate with price appreciation and increased market liquidity. Given the $11.89 million inflow, traders can expect near-term support for XRP as demand outpaces supply. Long-term prospects also look positive as continued fund flows enhance legitimacy and broaden the investor base. However, traders should monitor flow trends and broader market conditions for confirmation.