#XRPSpotETFsHold$1.7BWeeklyInflowsSlow
$1.7B In U.S. Spot $XRP ETFs Despite Weekly Inflows At Only $3.9M
U.S. spot $XRP ETFs continue to remain strong while the flows trend is slowing.
Currently, five U.S. spot XRP ETFs are holding $1.7 billion by Oct. 6 close – 1.79% of XRP’s market capitalization.
Cumulative inflows for all of them have reached $1.79B – an enormous institutional inflows within a few months.
However, the momentum is rapidly declining. Last week, only $4.74M was net inflows compared to $75.59M a week ago. The last day added only $3.14M. The weekly peak of inflows was $110.49M in late August.
Details:
The biggest inflow ($4.065M) was observed at Franklin Templeton’s XRPZ. It has $505M cumulative. Next, Canary’s XRPC gained $780K.
Finally, Bitwise, having the largest amount of 412.9M XRP and $677M inflows, lost $101K last week but regained $10.5M on Oct. 6.
The difference between cumulative $1.794B and current NAV $1.697B indicates that average holdings decreased ∼7%, yet the inflow streak of 12 weeks remains intact.
The institutional demand does not leave, it just pauses. If $XRP goes back above $1.55, could $110M-weeks return?
#xrp #etf #CryptoNews
$1.7B In U.S. Spot $XRP ETFs Despite Weekly Inflows At Only $3.9M
U.S. spot $XRP ETFs continue to remain strong while the flows trend is slowing.
Currently, five U.S. spot XRP ETFs are holding $1.7 billion by Oct. 6 close – 1.79% of XRP’s market capitalization.
Cumulative inflows for all of them have reached $1.79B – an enormous institutional inflows within a few months.
However, the momentum is rapidly declining. Last week, only $4.74M was net inflows compared to $75.59M a week ago. The last day added only $3.14M. The weekly peak of inflows was $110.49M in late August.
Details:
The biggest inflow ($4.065M) was observed at Franklin Templeton’s XRPZ. It has $505M cumulative. Next, Canary’s XRPC gained $780K.
Finally, Bitwise, having the largest amount of 412.9M XRP and $677M inflows, lost $101K last week but regained $10.5M on Oct. 6.
The difference between cumulative $1.794B and current NAV $1.697B indicates that average holdings decreased ∼7%, yet the inflow streak of 12 weeks remains intact.
The institutional demand does not leave, it just pauses. If $XRP goes back above $1.55, could $110M-weeks return?
#xrp #etf #CryptoNews