XRP spot ETFs are rising twice as fast as the token itself, with some funds gaining 16% to 17% versus 7% to 8% for the token. All seven U.S. spot XRP ETFs recorded interim trading volumes of $19.7 million, while the token was trading around $1.44. This divergence is linked to a supply-and-demand distortion in U.S. exchange order books, creating a substantial premium to net asset value. Despite the price surge, the sector recorded net outflows of $7.20 million, all from Bitwise. U.S. XRP ETFs currently hold $1.42 billion, equivalent to 1.67% of the token’s total market capitalization.
Source: Read the original article
