XRP spot ETF funds surpass 1.3 trillion won... Stablecoin RLUSD also expands

Source: TokenPost Original Title: XRP Spot ETF Capital Inflows Exceed 1.3 Trillion Won…Stablecoin RLUSD Also Expanding Original Link:

XRP Ecosystem’s ETF Boom and Stablecoin Expansion

The XRP ecosystem is currently attracting attention in the market due to a recent boom in ETFs and the expansion of stablecoins. Especially as XRP spot ETFs are beginning to appear in the U.S. market in earnest, institutional interest is also on the rise.

Over the past month, several asset management firms have launched the first-ever U.S. spot ETFs fully exposed to 100% XRP, followed by major global asset management companies introducing related products. Market data analysis shows that the total funds inflow into these XRP ETFs amounts to approximately $950 million, about 1.39 trillion KRW, with the largest management company handling about $371 million, roughly 543.8 billion KRW, and major asset managers holding around $213 million, approximately 312.4 billion KRW.

Ripple’s USD-pegged stablecoin RLUSD is also gaining attention. This asset is supported by major exchanges including the United States’ largest asset custodian bank, and last year received official approvals from the Abu Dhabi Financial Services Regulatory Authority (FSRA) and the Dubai Financial Services Authority (DFSA). Through these approvals, it is expanding its influence into the Middle East. The current market capitalization of RLUSD has grown to approximately $1.3 billion, about 19.05 billion KRW, but it still holds a relatively small market share compared to major stablecoins.

( Price Trends and Market Risks

The price of XRP is currently around $2.06, approximately 3,019 KRW, a 5% decrease week-on-week. While some expect a short-term rebound, the ongoing selling activity by large holders and whales suggests there could be further adjustments. Last week, major investors reportedly sold over 5 billion XRP in just one week, totaling about $1 billion, roughly 1.4658 trillion KRW. This could lead to an oversupply and spread anxiety among small and medium investors.

) Market Outlook

The expansion of ETF launches and the increased demand for stablecoins suggest the potential for continued growth of Ripple. However, investors need to approach with caution regarding price movements. The proliferation of XRP ETFs and the adoption of RLUSD reflect Ripple’s integration into the traditional financial system and attract institutional interest. Nonetheless, whale sell-offs and the relatively low market share of stablecoins are short-term price pressure factors.

Regular monitoring of data such as ETF inflows, the pace of RLUSD market expansion, and whale selling activities is necessary. Acceptance of regulations in the Middle East could be a significant milestone for long-term expansion.