XRP ETFs See $320M Inflows Despite $746M Loss
- Five major US spot XRP products reported a combined fair value of $947.3 million as of June 30, down from an accounting cost of $1.693 billion.
- The gap between the fair value and accounting cost stands at $746.1 million, representing a decline of 44.1%.
- In the first half of the year, these funds saw net capital activity of approximately $320.8 million due to continued investor interest.
- Bitwise, Canary, and Franklin recorded a total of $537.9 million in share creations against only $53.3 million in redemptions during this period.
- As of June 30, the five funds held about 906.8 million XRP tokens, implying a breakeven price around $1.87 per token.
Despite significant losses on paper, investor demand for XRP ETFs remained strong, with cumulative inflows reaching nearly $1.8 billion by the end of August. This resilience indicates a potential rotation among investors seeking better-structured funds.
Currently trading at around $1.38, XRP still sits below its breakeven point but has seen inflows that suggest confidence among investors despite the paper losses they face.(Source)
