XRP exchange-traded funds (ETFs) have demonstrated resilience despite recent investor outflows, according to Bloomberg's James Seyffart. The funds, which debuted in mid-November, initially saw impressive inflows, with Canary Capital's XRPC setting a trading volume record on its launch day. However, recent months have seen a shift, with March marking the first month of net outflows, totaling $26.07 million so far.
Despite the downturn, Seyffart highlighted that the XRP ETFs have accumulated over $1.4 billion since their inception, showcasing their robustness amid a significant price decline of the underlying asset. XRP's price has dropped 45% since the ETFs' launch, from $2.50 to below $1.40, reflecting broader market uncertainties.
XRP ETFs Show Resilience Amid Investor Outflows, Says Expert
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