XRP Investment Fund Inflows Plummet 88% Amid Market Volatility

The cryptocurrency market has been experiencing significant fluctuations, with many assets seeing outflows. However, one standout exception has been XRP, which has managed to remain in positive territory despite the decline in trading volumes.

According to a recent report from CoinShares, the net inflow into global XRP-based exchange-traded products was only $3 million last week, marking an 88% drop from the previous week. This decrease is particularly notable given that Ethereum saw weekly outflows of $81.6 million.

Despite this decline, XRP has maintained its stability due to steady support from institutional investors in Germany and the US. German inflows reached $43.8 million last week, while US inflows totaled $47.5 million. Although there were consecutive outflows across four days in the US, a broad recovery on Friday pushed both XRP and Bitcoin back into positive territory.

The data suggests that XRP has maintained its appeal among institutional investors despite market volatility. CoinShares analyst James Butterfill noted that the market faced a 'tight squeeze' at the week's outset, with $619 million in crypto product outflows between Monday and Thursday. However, the modest $3 million XRP inflow indicates that a core group of investors is holding firm.