Spot XRP exchange-traded funds (ETFs) recorded $25.8 million in net inflows on Monday, May 11th. This total marks the largest single-day inflow for the asset class since January.
The Bitwise XRP ETF attracted $7.6 million in fresh capital during the session. Market participants attribute the demand to optimism surrounding the proposed CLARITY Act legislation.
Ripple also recently secured a $200 million debt facility to scale its prime brokerage services.