📉 XRP Spot ETF sees significant outflows!
On February 12, XRP Spot ETF recorded a net outflow of $6.424 million, according to SoSoValue data.
But not everything was negative:
✨ Highlights of the day:
Canary XRP ETF (XRPC): net inflow of $1.4449 million, bringing the historical total to $413 million.
Grayscale XRP Trust ETF (GXRP): net outflow of $8.9104 million, with a historical total of $131 million.
The total net asset value (NAV) of the XRP Spot ETF is currently $971 million, with a net asset ratio of XRP at 1.18%, and total historical inflows of $1.224 billion.
📌 What does this mean?
Market volatility is evident, but positive inflows in some funds show investor confidence in XRP for the long term.
Don’t let the big numbers scare you; it’s an opportunity to monitor market movements and understand its dynamics.
💡 Quick tip:
Watch different ETF funds, as varying inflows can be a strong indicator of the upcoming market direction.
📢 Engage with us: What do you think about the XRP ETF movement today? Do you believe the market will regain its strength soon? 💬👇
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