Ripple ETFs Offer Rare Bright Spot Despite XRP’s Crash to 19-Month Low
It was a painful week, no matter how you look at it or which cryptocurrency asset you support. Ripple’s XRP, arguably one of the alts with the biggest and loudest community, was no exception, as it dropped hard. However, there’s a silver lining for the asset, as the exchange-traded funds tracking its performance in the US still managed to close the week in the green, unlike almost all other major crypto ETFs.
XRP ETFs Still Ended in Green We will begin by admitting that the actual numbers weren’t the greatest. It wasn’t anything close to the ETFs’ early weeks, in which they attracted $1 billion in just over a month after the launch of the first one. 7 billion (yes, with a B).
34 million in net withdrawals. 83 million on June 4 managed to offset the losses. 00 against both.
43 billion. Bitwise’s XRP has extended its lead over Canary Capital’s XRPC, as both ETFs now hold $467 million and $458 million, respectively. XRP Price Still Plummeted Despite the positive news on the ETF front, the underlying asset was not spared from the overall market-wide calamity .
05. This 21% crash meant that XRP has marked its lowest price tag since late 2024, just after its post-US presidential election rally began. 10.
00 may be unavoidable at this time unless the broader market’s structure improves rapidly. The post Ripple ETFs Offer Rare Bright Spot Despite XRP’s Crash to 19-Month Low appeared first on CryptoPotato .
