XRP inflows dramatically reverse course following a busy few weeks.
In CoinShares’ last weekly report, XRP-focused investment product inflows dropped to zero. This abrupt stop follows a four-week trend that saw $2.7 million pour into XRP-oriented products since August.
XRP-focused exchange-traded products (ETPs) have garnered over $13 million in inflow since their launch, making them one of the most popular crypto-investment products. Only Bitcoin, Short Bitcoin, and Solana (SOL) are more popular among traditional investors than XRP.
Source: CoinShares
XRP is not alone in the decline of inflows. James Butterfill of CoinShares reports that the whole digital asset investment product industry has begun to decline with only $11.2 million in outflows. Sentiment issues Despite the brief fall in inflows, digital asset investment products had a $165 million net inflow year-to-date.
Investor mood has fluctuated this year due to digital asset regulatory changes. Last week, great hopes for a U.S. spot ETF approval were dashed when all other applications were delayed.
While inflows were low, trading volumes reached $2.8 billion for the week, a 90% increase over the year-to-date average.
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