XRP exchange-traded funds (ETFs) have seen a slowdown in inflows this month, according to recent reports. Data from CoinGlass shows that XRP ETFs recorded only four days of net inflows in March.
The latest inflow was reported on March 20, with a positive flow of $1.98 million. However, the trend has shifted, with around six days of outflows compared to limited inflow activity. This marks a noticeable slowdown in investor demand after a strong start to the year.
One XRP ETF that has been affected by this shift is the Bitwise XRP ETF, which reported a net loss of about $25.0 million due to unrealized losses. The ETF did not generate any investment income during this period.
Regulatory clarity may be on the horizon for XRP and other cryptocurrencies. The SEC and CFTC have classified XRP as a 'digital commodity,' which could bring significant changes to the US crypto industry. Additionally, the launch of multiple XRP ETFs from issuers like Franklin Templeton and Grayscale is expected to attract more asset managers to introduce their Ripple funds.