XRP spot ETFs continue to attract inflows, but don’t treat “net inflows” as a signal that you can keep chasing prices.
PANews cites SoSoValue data showing that on the previous day (September 24, U.S. Eastern Time), U.S. XRP spot ETFs recorded a total net inflow of $14.8852 million in a single day. Of this, the Bitwise XRP ETF saw a daily net inflow of $9.9051 million, while the Franklin XRP ETF recorded a daily net inflow of $4.9801 million. The current total net asset value of XRP spot ETFs is approximately $1.700 billion. The XRP net asset ratio is 1.77%, and the historical cumulative net inflows have reached $1.763 billion.
In terms of the facts, capital is still entering, suggesting the ETF channel still provides support for XRP. In terms of timing, a single day’s inflow is more appropriately assessed together with the following few days, rather than drawing conclusions by focusing on just one day’s data. One point to watch is whether future inflows can continue to maintain the level of tens of millions of dollars per day. Another point to watch is whether the ETF’s buy-side can absorb the market when XRP retraces. Do you want to look for “continuous net inflows,” or first observe “retracement absorption” before making a judgment?
Source: PANews
#XRP
Figure 1: XRP spot ETFs continue to attract inflows · Source page partial screenshot
Image source: https://www.panewslab.com/zh/articles/01a0d631-0370-76d0-b7ac-692e42e9eee8
PANews cites SoSoValue data showing that on the previous day (September 24, U.S. Eastern Time), U.S. XRP spot ETFs recorded a total net inflow of $14.8852 million in a single day. Of this, the Bitwise XRP ETF saw a daily net inflow of $9.9051 million, while the Franklin XRP ETF recorded a daily net inflow of $4.9801 million. The current total net asset value of XRP spot ETFs is approximately $1.700 billion. The XRP net asset ratio is 1.77%, and the historical cumulative net inflows have reached $1.763 billion.
In terms of the facts, capital is still entering, suggesting the ETF channel still provides support for XRP. In terms of timing, a single day’s inflow is more appropriately assessed together with the following few days, rather than drawing conclusions by focusing on just one day’s data. One point to watch is whether future inflows can continue to maintain the level of tens of millions of dollars per day. Another point to watch is whether the ETF’s buy-side can absorb the market when XRP retraces. Do you want to look for “continuous net inflows,” or first observe “retracement absorption” before making a judgment?
Source: PANews
#XRP
Figure 1: XRP spot ETFs continue to attract inflows · Source page partial screenshot
Image source: https://www.panewslab.com/zh/articles/01a0d631-0370-76d0-b7ac-692e42e9eee8
