#USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months
Institutional demand for XRP is showing signs of weakening, and the latest ETF data raises an important question.
US spot XRP ETFs recorded $19.13 million in net outflows for the week ending November 13, marking their largest weekly withdrawal in eight months.
The biggest exits came on November 9 ($10.42M) and November 10 ($7.62M). This also marks the second consecutive week of net outflows.
Meanwhile, XRP slipped below the $1 mark, and total ETF net assets declined 14% to $1.15 billion.
My view: One week of heavy withdrawals does not establish a long-term trend, but continued outflows could make recovery more challenging. The next few weeks of institutional flows will be worth watching.
#xrp #CryptoETF #CryptoMarket
Institutional demand for XRP is showing signs of weakening, and the latest ETF data raises an important question.
US spot XRP ETFs recorded $19.13 million in net outflows for the week ending November 13, marking their largest weekly withdrawal in eight months.
The biggest exits came on November 9 ($10.42M) and November 10 ($7.62M). This also marks the second consecutive week of net outflows.
Meanwhile, XRP slipped below the $1 mark, and total ETF net assets declined 14% to $1.15 billion.
My view: One week of heavy withdrawals does not establish a long-term trend, but continued outflows could make recovery more challenging. The next few weeks of institutional flows will be worth watching.
#xrp #CryptoETF #CryptoMarket