New Report on XRP: Positive Data Worth Hundreds of Millions of Dollars

Blockworks' third-quarter report on Ripple, published today, revealed noteworthy figures regarding XRP investment products and stablecoin usage on the XRP Ledger. According to the report, global XRP exchange-traded products recorded net inflows of $355.3 million in the third quarter. This represents a 39.6 percent increase compared to the previous quarter. Of these inflows, $316.4 million occurred in August and September. The total assets managed by these products also increased from $2.01 billion to $3.32 billion. Excluding futures-based funds, the amount of XRP held in the products increased by 16.7 percent to 2.05 billion coins.