XRP ETFs Attract Significant Inflows Amid Broader Crypto Outflows
- XRP investment products recorded over $80 million in inflows last week, contrasting with significant outflows in other crypto-based Exchange-Traded Funds (ETFs).
- The broader crypto market saw nearly a billion dollars in outflows, with the US accounting for $990 million of these.
- Ethereum (ETH) funds experienced the largest outflows at $555 million, followed by Bitcoin (BTC) products at $460 million.
- XRP ETFs maintained a positive net flow throughout the week, marking a six-week streak of inflows totaling $82.04 million.
- XRP’s price ended the week at $1.93, recovering from a two-month low of $1.77.
Despite widespread outflows in the crypto ETF market, XRP investment products attracted substantial inflows and maintained a six-week positive streak, indicating strong demand for XRP despite broader negative market sentiment.
