New all-time high for the XRP ETFs in terms of total cumulative net inflows. After a couple of consecutive weeks in which the spot XRP ETFs attracted nearly $19 million, the actual inflows were slashed in half during the previous, highly eventful five-day trading period. Nevertheless, they have extended their green streak, which can also be said of the spot SOL ETFs. In fact, the Solana funds have been in the green for nearly three months now. XRP ETFs Hit New ATH On the day ahead of the crucial Senate vote for the CLARITY Act, the spot Ripple ETFs attracted $11.26 million, which helped them start the week with a bang. Interestingly, the failure of the bill vote on Tuesday didn’t result in any direct net outflows, with SoSoValue showing $0.00 in reportable data on that day, even though the underlying asset slumped by more than 8% in hours. In fact, investors continued to pour funds into the financial vehicle on the next day, with $3.50 million entering the ETFs despite the Fed’s rate hike on Wednesday. That’s where the tide turned, and the net inflows stopped. SoSoValue shows $5.15 million in net withdrawals completed on Thursday, and a very modest $43,700 taken out on Friday. As s...
Ripple (XRP) ETFs Hit 10-Week Green Streak, but Solana (SOL) Funds Go Even Further
1 month ago
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