XRP ETF Demand Remains Strong Despite Market Volatility and Failed Senate Vote
Spot XRP ETF products recorded $9.56 million in net inflows during the latest five-day trading week, extending their positive streak to ten consecutive weeks. This resilience was observed despite a failed Senate vote on the CLARITY Act, a Federal Reserve rate hike, and significant intraday price fluctuations for XRP. Despite an 8% drop following the failed vote, there were no immediate outflows reported from ETFs that day, suggesting continued investor confidence. The inflows resumed strongly after the Fed's decision with $3.50 million entering on Wednesday. However, Thursday saw a net withdrawal of $5.15 million followed by smaller redemptions on Friday. Despite these two down days, the week still ended in positive territory for XRP ETFs. The last full week of outflows was recorded at the start of July. In comparison, spot SOL ETFs also extended their inflow streak to 12 weeks with $13.19 million added over that period. While this is a longer and larger streak in dollar terms than XRP's, it remains secondary in attention compared to the recent developments around XRP.
Topics: ETFs Federal Reserve rate hike Ripple Senate vote XRP