Funding
XRP ETFs See Net Inflows Despite Price Drop
U.S. spot XRP exchange-traded funds (ETFs) saw net inflows of $11.31 million last week, even as XRP's price dropped by about 8% over the same five trading days. Data compiled by Sosovalue shows XRP spot ETFs booked net inflows of $11.31 million between October 5 and October 9. This marked the 12th consecutive week of net inflows for the funds. Despite the price drop, the funds attracted $10.55 million from Bitwise’s XRP ETF, which took in the largest weekly total. Other funds like Franklin Templeton’s XRPZ and Canary Capital’s XRPC also saw net inflows, with Bitwise leading the way with $688 million in cumulative net inflows since launch. The combined holdings of these funds are worth about $230 million less than the money invested, indicating a paper loss. The ongoing streak of net inflows for XRP ETFs suggests that investors are continuing to add to their positions despite the recent price drop.