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XRP ETFs Hit $1 Billion Milestone as Investor Trust Grows

Key Takeaways

  • XRP-linked ETFs have surpassed $1 billion in assets, driven by investor trust in the token’s long market history;
  • CF Benchmarks CEO Sui Chung said XRP’s steady price gains over recent years are attracting more investor interest;
  • Growing understanding of Solana’s network and activity is encouraging new inflows into Solana-based ETFs.

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XRP ETFs Hit $1 Billion Milestone as Investor Trust Grows

Exchange-traded funds (ETFs) linked to XRP XRP $1.87 have grown past $1 billion in assets.

Sui Chung, CEO of CF Benchmarks, said the token’s long presence gives investors more confidence.

Chung told CNBC, "Many investors are taking a position in XRP because of the familiarity. It has a long track record". He noted that investors often favor assets they recognize and trust.

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Chung also pointed to XRP’s price movement as another reason for the fund’s rise. He said:

Obviously, price performance has been pretty impressive over the past three or four years, so there are a number of reasons that it’s attracting investor dollars.

The token’s consistent performance appears to have encouraged more people to invest.

Chung added that investors are also beginning to take more interest in Solana SOL $125.71 . He said that a clearer understanding of how Solana operates and what it offers is driving new inflows.

He noted, "The understanding that traditional investors have of Solana and the types of applications that run on Solana, the types of fees that Solana has and the daily active users makes for a pretty compelling reading".

Meanwhile, Franklin Templeton launched its XRP ETF, known as XRPZ, on NYSE Arca. What did David Mann, head of ETF product and capital markets at Franklin Templeton, say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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