## Introduction
The XRP price witnessed a surge following a period of decline, fueled by the substantial influx of $164 million into the newly debuted spot ETFs. This influx marks the second-largest single-day capital injection since the commencement of trading for the funds.
### XRP Witness Price Surge Amidst Spot ETF Inflow
The recent boost in XRP price is attributed to the notable spike in capital inflows totaling $164 million into spot ETFs, as reported by SoSoValue data. This influx marks a significant milestone for the XRP ecosystem and spot ETF issuers.
#### Spot ETFs Attract $164 Million in Fresh Capital
The surge in XRP price is closely tied to the substantial capital inflow of $164 million experienced by the newly introduced spot ETFs. This influx highlights growing investor interest and confidence in the XRP ecosystem, positioning it for further expansion and market growth.
##### Conclusion
The surge in XRP price following the significant inflow of $164 million into spot ETFs underscores the market’s optimism and support for the digital asset. As the XRP ecosystem continues to attract capital and investor interest, it is poised for continued growth and development in the cryptocurrency landscape.