Ripple (XRP) ETFs Remain in the Green, But the Actual Inflows Tell a Different Story

The big elephant in the XRP ETF room is back. In a rather interesting week in terms of reveals of who owns shares of the spot XRP ETFs, the funds actually ended it in the green, but only one day saw any action. This is a recurring development that has frequently emerged, and the underlying asset has continued to suffer price-wise, dipping below $1.00 for the first time in nearly two years. XRP ETFs Still in Green but… There’s not really much to explain about what happened last week with the net flows into the spot XRP ETFs, as it has been a story on repeat for a while. Yes, the five-day trading period was in the green. But that’s about it in terms of good news. The actual numbers show a minor inflow of $2.25 million, which was just slightly higher than last week’s $1.01 million. Just to put things into perspective, the exchange-traded funds tracking the cross-border token were raking in over $20 million weekly in late June and over $60 million in mid-May. A deeper look into each day’s performance tells an even more worrisome story. All $2.25 million entered the fund in one day – on Thursday. The rest of the business week, meaning four out of the five trading days, saw no reportable...