The reversal script for XRP has played out. Recently, this coin's ETF performance has been hot, with a single-day net inflow reaching $12.98 million. Both major institutions, Grayscale and Canary, are actively deploying, and the assets under management for these two funds have both surpassed $1.54 billion.

How dramatic is this shift? Recall a few years ago, this project was still entangled in legal battles with regulators. From being embroiled in lawsuits to now seeing capital rushing in, this contrast itself indicates a market revaluation of XRP's prospects.

The involvement of institutional investors often signals something significant. When professional funds like Grayscale and Canary are increasing their positions, it usually reflects recognition of the project's fundamentals—whether it's ecosystem improvements, application deployment, or positive policy expectations. The single-day inflow of $12.98 million may not seem huge in absolute terms, but in the volatile cycle of XRP, this sustained net inflow is a noteworthy signal.