XRP ETFs remain stable as XRP price rises
Unlike investors using Bitcoin and Ethereum spot ETFs to gain exposure to the two market leaders, those opting for XRP funds seemed unfazed by the recent crypto crash.
Data from SoSoValue shows that last week ended clearly in the green for Ripple ETFs, despite the underlying asset's price going through some of its darkest moments.
The ETFs of $XRP continue to see inflows.
It is worth noting that the previous work week closed in red for XRP funds for just one trading day. On January 29, when investors withdrew nearly $93 million, it was the worst result in net flows since the launch of these products. On Monday, data showed a slight outflow of just over $400,000, a practically marginal figure considering the market collapsed again that weekend.
Afterward, investors resumed inflows with $19.46 million on Tuesday, $4.83 million on Wednesday, and $15.16 million on Friday, according to SoSoValue. For some reason, the portal has not yet updated Thursday's data, but other sites and reports do reflect a small positive net flow.
Additionally, the accumulated net inflows of XRP spot ETFs rose from $1.18 trillion at the close of the previous work week to $1.22 trillion on February 6, implying a net increase of around $40 million.
During the same period, the spot ETFs of $ETH recorded outflows of about $170 million, while those of $BTC decreased by $358 million.
Unlike investors using Bitcoin and Ethereum spot ETFs to gain exposure to the two market leaders, those opting for XRP funds seemed unfazed by the recent crypto crash.
Data from SoSoValue shows that last week ended clearly in the green for Ripple ETFs, despite the underlying asset's price going through some of its darkest moments.
The ETFs of $XRP continue to see inflows.
It is worth noting that the previous work week closed in red for XRP funds for just one trading day. On January 29, when investors withdrew nearly $93 million, it was the worst result in net flows since the launch of these products. On Monday, data showed a slight outflow of just over $400,000, a practically marginal figure considering the market collapsed again that weekend.
Afterward, investors resumed inflows with $19.46 million on Tuesday, $4.83 million on Wednesday, and $15.16 million on Friday, according to SoSoValue. For some reason, the portal has not yet updated Thursday's data, but other sites and reports do reflect a small positive net flow.
Additionally, the accumulated net inflows of XRP spot ETFs rose from $1.18 trillion at the close of the previous work week to $1.22 trillion on February 6, implying a net increase of around $40 million.
During the same period, the spot ETFs of $ETH recorded outflows of about $170 million, while those of $BTC decreased by $358 million.
