XRP Sees Record Institutional Inflows Amid Weak Price Performance
- XRP’s market cap stands at $111.89 billion with a 24-hour trading volume of $2.26 billion.
- Since mid-October, US-listed XRP products have attracted over $1 billion in net inflows.
- The Canary XRP ETF (XRPC) has raised more than $300 million since its launch, setting a record for first-day trading volume among US ETFs.
- In December, Bitcoin and Ethereum products experienced outflows of $25 million and $241 million, respectively.
- Despite the inflows, XRP’s price remains under pressure, reflecting a shift from retail to institutional investors.
The contrasting trends of significant institutional interest in XRP products and declining prices indicate a transition in the market dynamics, with institutions increasingly participating through regulated vehicles rather than speculative trading.
As XRP heads into the new year, the growing capital inflow of over $1 billion highlights an evolving landscape despite its current price challenges. (Source)
