XRP Sees Unexpected Inflow Amid Crypto Downturn

XRP has been one of the worst-performing cryptocurrencies in recent months, plummeting more than 70% from its high last summer. Its one-year chart looks dire, with a steep decline that may be difficult to ignore.

However, despite this downward trend, money continues to flow into new spot XRP ETFs. In fact, according to CoinGlass data, the Bitwise XRP ETF has seen positive inflows for much of June, even as other cryptocurrencies like Bitcoin and Ethereum experience outflows.

This may seem counterintuitive, but some analysts believe that investors are moving money out of crypto and into artificial intelligence in search of higher returns. Others point to JPMorgan Chase's prediction from early 2025 that up to $8 billion could flow into these spot XRP ETFs. While the current total assets under management are still under $1 billion, this trend could be a bullish indicator for XRP.