XRP ETF Inflows Hit New High Amid Lingering Concern

XRP ETF Inflows Hit New High, But Investor Enthusiasm Wanes

Spot exchange-traded funds tracking Ripple’s XRP token began the week with a strong surge, reaching a new all-time high in total net inflows. However, a familiar and concerning pattern emerged in the subsequent days, with inflows drying up.

Simultaneously, HYPE ETFs have broken their positive streak, experiencing significant losses for a second consecutive week.

Data from SoSoValue indicates that spot XRP ETFs attracted $2.49 million on Monday and $5.66 million on Tuesday. While this initial performance was positive, the latter half of the week presented a different picture. Over the remaining three business days, the data aggregator reported zero net flows for XRP ETFs, with each day showing $0.00. This trend mirrors the previous week, where only one day saw positive inflows, with the other four recording no net activity. Looking further back, 10 out of the last 15 trading days have registered zero net flows.

Despite XRP ETFs concluding two consecutive weeks in positive territory, a closer examination of the figures suggests a recent decline in investor interest. Prior to these two weeks, the funds had experienced a substantial nine-week run, attracting over $150 million.

Nevertheless, the overall cumulative net inflow for XRP ETFs has climbed to nearly $1.5 billion, according to SoSoValue, marking a new all-time high.

The underlying XRP asset saw a price increase at the start of the week, potentially influenced by the growing ETF net inflows. It rose from below $1.09 to a multi-day peak of $1.16. However, this momentum stalled, and the token had returned to below $1.10 as of press time.

Spot HYPE ETFs had also become a popular choice among investors, at one point attracting over $110 million in a single week, setting their own record. However, investor sentiment appears to have shifted in the past two weeks, with net outflows dominating.

During the most recent five-day trading period, investors withdrew over $8.6 million from HYPE ETFs, following a previous week where net outflows totaled $7.26 million. Consequently, the cumulative total net inflows for HYPE ETFs have decreased from an all-time high of $308.60 million to $292.73 million as of Friday’s market close.