The aggregate group of XRP ETFs has recorded positive net inflows for the 30th consecutive trading session.
For comparison, Bitcoin and Ethereum ETFs experienced “more volatile” flows
Ripple Brad Garlinghouse recently took to the X social media platform to highlight recent milestones recorded by the XRP product.
cascading lists
There have been a lot of XRP launches recently. REX-Osprey launched its semi-spot ETF in late October, but the real spot wave began in November.
Canary Capital launches the first spot XRP ETF in the US. It debuted with record first-day volume for an altcoin ETF and quickly raised nearly $250 million.
Following Canary’s success, other major publishers launched in quick succession to gain market share. These include Franklin Templeton (XRPZ), Bitwise XRP ETF (XRP), and Grayscale XRP ETF (GXRP).
price paradox
XRP is struggling despite $1 billion of buying pressure from ETFs. The token recently lost its $2.00 support level and is trading in a range of $1.88 to $1.92. Public selling pressure (visible) offset private ETF buying pressure (not visible).
Selling pressure from retail investors is believed to be the main reason for this underperformance.
Additionally, when market makers sell XRP to ETF issuers, they may “short” XRP in the derivatives market to protect themselves from falling prices. This hedging activity creates downward pressure on prices.
