$XRP Spot ETF holdings are still around $1.7 billion, but inflows are slowing.
· The 5 spot ETFs hold a combined roughly 1.13 billion XRP, worth about $1.7 billion (as of the close on 10/6)
· Net inflows last week were only around $3.9–4.7 million (depending on the data source), versus about $110 million over the past month
· Since mid-September, ETF assets have been stuck around $1.7 billion
Binance futures (as of 4:40 p.m. Beijing time):
· $1.406, with a 24-hour range of $1.387–$1.468
· Around $1.494 a week ago; 30-day range: $1.246–$1.658
· Open interest is around $457 million, down from $475 million a week ago
· Long/short account ratio is around 2.75, with significantly more accounts taking long positions
The next verifiable catalyst: XRP treasury company Evernorth (XRPN) has postponed its Nasdaq listing to 10/12.
Scenario 1: If XRP holds above $1.387 (today’s low) through 10/12 and the listing goes ahead, it could revisit $1.468–$1.494.
Scenario 2: If it falls below $1.387 and open interest keeps declining, the next reference point is the 30-day low of $1.246.
ETF inflows are slowing, while the treasury company is about to list. Do you think 10/12 will be a “sell the news” event, or a fresh starting point?
#XRPSpotETFHoldingsAt17BillionWeeklyInflowsSlow
· The 5 spot ETFs hold a combined roughly 1.13 billion XRP, worth about $1.7 billion (as of the close on 10/6)
· Net inflows last week were only around $3.9–4.7 million (depending on the data source), versus about $110 million over the past month
· Since mid-September, ETF assets have been stuck around $1.7 billion
Binance futures (as of 4:40 p.m. Beijing time):
· $1.406, with a 24-hour range of $1.387–$1.468
· Around $1.494 a week ago; 30-day range: $1.246–$1.658
· Open interest is around $457 million, down from $475 million a week ago
· Long/short account ratio is around 2.75, with significantly more accounts taking long positions
The next verifiable catalyst: XRP treasury company Evernorth (XRPN) has postponed its Nasdaq listing to 10/12.
Scenario 1: If XRP holds above $1.387 (today’s low) through 10/12 and the listing goes ahead, it could revisit $1.468–$1.494.
Scenario 2: If it falls below $1.387 and open interest keeps declining, the next reference point is the 30-day low of $1.246.
ETF inflows are slowing, while the treasury company is about to list. Do you think 10/12 will be a “sell the news” event, or a fresh starting point?
#XRPSpotETFHoldingsAt17BillionWeeklyInflowsSlow