ETF net inflows for 11 straight days—how can XRP still drop 4.6% in a single day? $170 million in new capital has come in, yet the price hasn’t followed the bullish script.
First, let’s break down the numbers. The U.S. XRP spot ETF has seen net inflows for 11 consecutive trading days, totaling about $170 million; the most recent day was about $14.38 million. Since it launched last November, cumulative net inflows have been about $1.68 billion.
Yes, this money has indeed entered the ETF. But the $170 million is the cumulative figure over 11 days—not a one-time surge into the market today. On the same day, Binance XRP perpetual contracts recorded trading volume of about $1.057 billion and open interest valued at about $405 million. These metrics can’t be directly subtracted, but they are enough to highlight one thing: single-day ETF inflows still can’t overpower the sell pressure across the global spot and derivatives markets.
There’s another number that’s easy to misread. The XRP ETF holdings disclosed by Goldman Sachs are about $87.4 million, corresponding to the 13F snapshot as of June 30. These holdings could come from market making, basis trading, or client orders. The 13F can’t show how much hedging was done at the same time.
Right now, XRP is around $1.315, close to the 24-hour low of $1.3085. ETF inflows indicate demand at the product level. But for the price to stop falling, we still need to see whether daily inflows can continue—and whether derivatives open interest is stopping its expansion.
Tap $XRP to see real-time volume and open interest. Do you think this 11-day capital is laying groundwork in advance, or is the derivatives sell pressure temporarily stronger?
$XRP #XRP spot ETF draws in $170 million over 11 straight days #ETF capital flows
First, let’s break down the numbers. The U.S. XRP spot ETF has seen net inflows for 11 consecutive trading days, totaling about $170 million; the most recent day was about $14.38 million. Since it launched last November, cumulative net inflows have been about $1.68 billion.
Yes, this money has indeed entered the ETF. But the $170 million is the cumulative figure over 11 days—not a one-time surge into the market today. On the same day, Binance XRP perpetual contracts recorded trading volume of about $1.057 billion and open interest valued at about $405 million. These metrics can’t be directly subtracted, but they are enough to highlight one thing: single-day ETF inflows still can’t overpower the sell pressure across the global spot and derivatives markets.
There’s another number that’s easy to misread. The XRP ETF holdings disclosed by Goldman Sachs are about $87.4 million, corresponding to the 13F snapshot as of June 30. These holdings could come from market making, basis trading, or client orders. The 13F can’t show how much hedging was done at the same time.
Right now, XRP is around $1.315, close to the 24-hour low of $1.3085. ETF inflows indicate demand at the product level. But for the price to stop falling, we still need to see whether daily inflows can continue—and whether derivatives open interest is stopping its expansion.
Tap $XRP to see real-time volume and open interest. Do you think this 11-day capital is laying groundwork in advance, or is the derivatives sell pressure temporarily stronger?
$XRP #XRP spot ETF draws in $170 million over 11 straight days #ETF capital flows
