u.today
The U.S. spot $XRP ETF has continued to respond to the broad crypto market slowdown as they have seen multiple days of little-to-no capital intake.
Following the slow momentum, the $XRP funds have now recorded their weakest weekly capital intake since launch, although the $XRP price had begun to see mild resurgence toward the end of the week.
According to data from SosoValue, the $XRP ETFs have recorded a weekly total net inflows of $7.65 million as of Feb. 13.
While the $XRP ETFs saw $4.50 million in daily net inflows as of the same day, the new capital intake had helped to offset earlier outflows during the week.
$XRP ETFs maintain $1 billion milestone despite weak performances
It is important to note that the total net assets across all the $XRP funds still stand above the $1 billion mark despite the muted weekly performance.
While trading activity had also remained strong, with the total value traded that day sitting at $19.69 million, it appears that the weak capital injection has only signaled cooling momentum rather than a broad institutional exit.
Nonetheless, $XRP has shown strength in its trading price as of the end of the week, showing gains of about 5.54% over the last 24 hours and trading at $1.44 as of writing time.
Bitwise dominates amid weakening momentum
Following the mild inflows seen during the last trading session, the data further showed that the Bitwise $XRP ETF led the inflows with $2.52 million.
Franklin Templeton followed closely as its $XRP ETF saw about a $1.53 million inflow, while Canary Capital’s fund recorded roughly $449,650 in new capital.
On the other hand, $XRP ETFs issued by 21Shares and Grayscale Investments posted no daily inflows for the day.