XRP ETF Buyers Face 13% Losses While Inflows Persist
According to BeInCrypto, XRP exchange-traded fund buyers are currently 13% underwater, yet capital inflows continue to enter the products.
Update (Oct 9, 15:48 UTC): According to Yellow, XRP exchange-traded products drew $8 million in inflows during a broad digital asset fund selloff that was led by Bitcoin.
According to a report by BeInCrypto, buyers of XRP exchange-traded funds are currently facing an average loss of 13% on their positions.
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Despite being underwater on their investments, capital inflows into the investment products continue to persist.
Market Inflows Continue
The ongoing influx of capital suggests sustained interest from institutional or retail participants utilizing exchange-traded fund structures to gain exposure, even as market prices compress below initial purchase thresholds.
Key facts
- XRP exchange-traded fund buyers are 13% underwater according to BeInCrypto.
- Capital inflows into the investment products continue despite current losses.
Source: news.google.com
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