XRP ETFs Post $11.3M Inflows Despite Paper Losses
XRP exchange-traded funds recorded $11.3 million in inflows alongside a $230 million paper loss amid a price drop and a new Nasdaq listing, according to Pluang.
XRP exchange-traded funds recorded $11.3 million in inflows despite facing $230 million in paper losses, according to data from Pluang. The discrepancy occurred amid a broader price drop for the asset and a new listing on Nasdaq.
Market Context
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The inflows highlight sustained institutional allocation into exchange-traded products tied to the token even as market valuations faced downward pressure. The new Nasdaq listing expands accessibility for institutional and retail participants trading the investment products.
Key facts
- XRP ETFs registered $11.3 million in inflows.
- Paper losses reached $230 million amid a price drop.
- Market activity followed a new Nasdaq listing.
Source: news.google.com
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