- XRP ETFs record zero flows as the broader crypto market faces outflows
- Bitwise accumulates over 3 million XRP despite a lack of inflows
- Trading activity remains steady while investor positioning shows cautious stability
Crypto market commentator Xaif Crypto highlighted a notable shift in XRP ETF behavior during the latest market downturn. According to his recent post, XRP recorded zero inflows and zero outflows, even as Bitcoin and Ethereum faced significant capital withdrawals, signaling an unusual level of stability in investor positioning.
XRP-focused exchange-traded funds reported no daily inflows despite continued activity across the broader crypto market. According to data cited from Soso Value, Bitcoin recorded $129.62 million in outflows, while Ethereum saw $55.51 million withdrawn. Solana also registered minor outflows during the same session.
In contrast, XRP ETFs showed no net movement, drawing attention to their relative stability. At the same time, ETF prices declined by nearly 5% across several XRP-linked products. However, trading activity remained consistent, with Bitwise leading daily volume at approximately $5.74 million. Franklin and Canary Capital followed with notable volumes.
Additionally, cumulative net inflows into XRP ETFs reached $1.21 billion, while total net assets stood at $1.02 billion. This reflects sustained investor participation despite recent price pressure across the market.
Source: X
Also Read: Important: Here’s How the Government Could Tax Your XRP Now that It Is Classified as Commodity
Bitwise Accumulation Continues as ETF Flows Stay Flat
Further updates pointed to continued institutional activity within the XRP ecosystem. According to ETF analyst Chad Steingraber, Bitwise purchased more than 3 million XRP during the session.
The firm’s holdings reportedly exceeded $12 million before trading closed. Moreover, Steingraber noted that an additional purchase of 1.5 million XRP could position Bitwise as the largest XRP fund manager globally, highlighting ongoing accumulation even as daily ETF flows remain unchanged.
Meanwhile, ETF data showed that Bitwise, Canary Capital, and Franklin maintain a dominant share of total assets under management. While daily inflow data still reflected no new capital entering XRP ETFs, suggesting that recent buying activity may be occurring within existing allocations rather than through fresh inflows.
Furthermore, total trading value across XRP ETFs exceeded $20 million, indicating steady participation despite the absence of directional capital movement, as XRP ETFs remained stable during a period of broader market outflows, where prices declined, but zero inflows and ongoing accumulation reflected a market holding positions rather than shifting capital.
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