XRP Sees Increased Withdrawals and ETF Inflows Amid Market Pressure
- Binance saw a surge in withdrawal transactions for XRP, with over 14,000 on March 6.
- Spot XRP ETFs have absorbed approximately $1.4 billion in cumulative inflows since their launch.
- Goldman Sachs Group holds the largest institutional position in XRP ETFs, valued at $153.8 million.
Recent data indicates significant activity around XRP as Binance withdrawals spike and spot ETFs continue to attract capital despite market challenges. This suggests a trend of investors moving assets into private wallets and maintaining institutional interest through ETFs.
The combination of increased withdrawal activity from exchanges like Binance and steady ETF inflows highlights a potential accumulation phase for XRP, even as its price remains under pressure. Source
