The Bitwise XRP ETF recorded a net inflow of $2.3066 million on May 21.

This funding contributed to a total daily net inflow of $8.88 million across all U.S. XRP spot ETFs.

Simultaneously, the XRP network registered 4,300 new addresses within a 24-hour period.

This increase marks the fourth-largest spike in new wallet creation this year.

Analysts state this network growth indicates potential price reversals and signals growing adoption.