XRP has been facing significant challenges in its ETF market, with recent reports highlighting weak performance and dwindling interest from institutional investors. The current climate of crypto market volatility has exacerbated this trend, leaving XRP ETFs showing little to no recovery in terms of investor demand.
In a concerning development, the XRP ETFs experienced a notable weekly withdrawal, breaking a previously positive trend. Recent data from SoSoValue revealed that the funds recorded a net capital withdrawal of $3.56 million over the past week, marking the first instance of a weekly outflow since April. This comes on the heels of two weeks that, while previously marked by some positive flows, have now shifted towards a more negative trajectory.
Earlier weeks saw the XRP ETFs capturing a combined inflow of $636,480 and $2,660,000, respectively. However, the latest outflows indicate that institutional selling pressure has intensified during this period of heightened market volatility, which has kept XRP predominantly trading in the red zone.
The Bitwise XRP ETF, despite managing to attract some fresh capital in its last trading session, was unable to counterbalance the overall withdrawals across the market. This situation further underscores the ongoing uncertainty that investors face.
In terms of price performance, XRP has stalled around the $1.31 mark, causing growing fears among both retail and institutional investors. As of the latest updates, XRP is currently trading at $1.30, having experienced a decline of 0.88% over the past day. The asset’s struggle to rebound raises concerns about its future performance amidst the prevailing market conditions.
