XRP ETFs See Record Inflows Amid Price Decline
- XRP spot ETFs have attracted approximately $756 million over eleven consecutive trading sessions since their launch on Nov. 13.
- In contrast, Bitcoin ETFs experienced over $2 billion in outflows, while Ethereum products saw nearly $1 billion in withdrawals during the same period.
- The four XRP ETF products now hold about 0.6% of XRP’s total market capitalization.
- The number of wallets holding at least 100 million XRP has decreased by approximately 20.6% over the past eight weeks, indicating a trend towards centralization.
- Ripple’s recent licensing expansion and adoption of its stablecoin RLUSD have contributed to increased institutional interest.
The significant inflows into XRP ETFs highlight strong institutional demand despite a broader market trend of risk reduction and price declines for major cryptocurrencies like Bitcoin and Ethereum.
While XRP has seen remarkable ETF inflows, with $756 million since mid-November, its price remains under pressure, reflecting ongoing challenges in the cryptocurrency market amid macroeconomic uncertainty.
