Nearly 1B XRP Locked in Funds Not Controlled by Ripple

Nearly 992.5 million XRP have been locked out of circulation through seven investment funds that offer institutional exposure to the asset without the need to acquire it directly.

Data from SosoValue corresponding to Thursday, August 13 indicates that cumulative net flows into these products have already reached $1.510 billion, reflecting consistent growth in the XRP ETF market despite the volatility in the token’s price, which recorded its lowest daily close in several years.

However, momentum has slowed: the latest trading session closed with $0 in net inflows, although the funds hold a considerable amount of assets under management.

What sets this particular episode apart from other large XRP movements is its origin. Unlike the operations typically associated with Ripple, which tend to generate negative speculation about the impact on token holders, this massive lockup stems exclusively from institutional accumulation through ETF products.

The market has interpreted that distinction as a positive signal: demand is growing from outside the Ripple ecosystem, reinforcing a bullish narrative grounded in genuine adoption by institutional investors who choose to access XRP through regulated vehicles.

… Continue reading the full article at the original source below.