XRP ETFs absorb 80M tokens: Is a new bull trend starting for the altcoin?

Two new XRP ETFs absorbed 80 million tokens on launch as the price formed a bullish flag after hitting resistance at $2.20.

XRP’s (XRP) newly launched exchange-traded funds (ETFs) absorbed nearly 80 million tokens on Nov. 24, sharply outperforming Solana’s recent ETF debut. The rapid inflows have pushed total assets under management (AUM) to $778 million, according to data from XRP Insights.

Key takeaways:

Grayscale and Franklin Templeton’s XRP ETFs absorbed nearly $130 million on product launch.

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