XRP
XRP Exchange-Traded Funds Buck Weekly Crypto Outflow Trend With Inflows
XRP investment vehicles stood out as the only tracked category to maintain net positive inflows this week amidst widespread digital asset market withdrawals.
Spot exchange-traded funds tied to XRP resisted a broader market downturn, registering approximately $740,000 in net inflows on Wednesday. This made XRP the only tracked asset class among five major crypto ETF categories to maintain positive net flows for the week.
The inflows into XRP products occurred while other institutional crypto funds faced substantial redemptions. US spot Bitcoin ETFs shed roughly $262 million on Wednesday, extending weekly outflows to $151 million as Bitcoin fell below $82,000 following a US inflation report.
Ether and Solana funds also saw notable capital exits over the same period, with Ether ETFs recording $190 million in weekly net outflows and Solana funds extending their outflow streak to eight consecutive trading sessions. Zcash ETFs recorded a daily inflow of $3.7 million but remained negative for the week with $3.2 million in withdrawals.
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