Last night, a major development hit the US market—XRP spot ETF single-day net inflows soared to $38.04 million, a figure that’s practically an adrenaline shot for the entire XRP ecosystem.

Looking at the detailed numbers, Franklin’s XRPZ took in $31.7 million, accounting for more than 80% of the day’s inflows; Bitwise’s XRP ETF followed closely, absorbing $4.2 million. The more crucial data point is this: the total net asset value of XRP spot ETFs has now reached $924 million, with historical cumulative net inflows approaching the $1 billion mark. This isn’t a solo act by any one institution—traditional financial firms are redefining XRP’s asset status with real capital.

Interestingly, the timing behind this surge of funds is incredibly subtle. The lawsuit between Ripple and the SEC is gradually clarifying, multiple institutions are filing XRP ETF applications at an increasing pace, and regulatory uncertainty is visibly fading. For traditional financial players, XRP has shifted from a "controversial coin in a gray area" to an "asset with a clear compliance path."

Here’s another detail: the current net asset ratio is only 0.73%. What does this mean? There’s still a huge amount of liquidity in the market yet to be unleashed. Once more ETF products are approved and launched, XRP could very well experience a second wave of liquidity explosion.

That said, institutional accumulation is often the prelude to price takeoff, but let’s not forget the crypto market’s volatility never gives anyone a free pass. The sustained inflow of ETF funds is indeed a strong signal, but whether it translates into continued price growth depends on macro conditions, regulatory progress, and market sentiment resonating in sync. Data doesn’t lie, but blindly following the herd has never been a good strategy.