XRP-linked ETFs posted their best week since May, pushing cumulative net inflows to a fresh all-time high. The rally rode a broader market surge triggered by an expanded US Treasury bond buyback program, which also fueled a wave of short liquidations across crypto.
Spot XRP ETFs gained $39.78 million last week, the strongest weekly haul since the week that ended on May 15. Cumulative net inflows into the funds hit a new all-time high of $1.55 billion. Bitwise's XRP fund leads the pack with $542.69 million in cumulative net inflows, ahead of Canary Capital's XRPC at $468.12 million and Franklin's XRPZ at $434.16 million.
Inflows built through the week
Monday brought $0.00 in actual flows, extending a streak in which seven of the previous 11 trading days saw no inflows at all. Investors returned on August 18, pouring in $5.81 million, the biggest daily net inflow of the month.
The funds then added $2.35 million on Wednesday, the same day the US Treasury announced a major monetary pivot and Trump hosted a Crypto Summit at the White House. Inflows accelerated from there, reaching $13.24 million on Thursday. Friday brought $18.38 million, the single-best day for the funds since May 14.
A Treasury move behind the rally
The catalyst traces back to the Treasury's own bond market. On August 19, the department said it would expand its buybacks for nominal coupon securities from $2 billion to a minimum of $4 billion per operation, effective September 9. As a result, the 30-year Treasury yield retreated from a 19-year high of 5.337%, and traders labeled the dynamic "curve control."
That move triggered a short squeeze across crypto markets. More than $3 billion in crypto short positions were liquidated during the surge, with Bitcoin shorts accounting for roughly $2.75 billion of that total. Bitcoin itself powered past $68,000.
XRP, meanwhile, defended its $1.00 support before it skyrocketed 70% in less than 72 hours to $1.70 by Saturday morning.
Whale accumulation of XRP accelerated during the rally, with large holders adding to positions rather than selling into strength, and ETF holdings of XRP approached nearly 1 billion tokens. The Treasury's expanded buyback is not a one-time event: the new $4 billion minimum takes effect September 9, making the liquidity injection a recurring feature rather than a single shot of adrenaline.
Sources: CryptoPotato, Crypto Briefing
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