[Crypto World] XRP ETF has performed remarkably well since its launch—accumulating $230.7 million in inflows, and more importantly, with zero outflows. This data stands in stark contrast to the recent net outflows seen in veteran spot ETFs like Bitcoin and Ethereum.
One detail worth noting: these buy orders are mainly going through over-the-counter trading channels, so they won’t directly drive secondary market prices in the short term. However, in the long run, this could lead to supply-side tightening. Pi42 CEO Avinash Shekhar offered an opinion—most of the funds entering at this stage are trading-oriented, and whether institutional capital can continue to follow depends on whether XRP’s transaction volume in real-world payment scenarios and enterprise-level applications can take off.
Simply put, product demand needs to keep up to sustain this wave of enthusiasm.
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orphaned_block
· 23h ago
Zero outflow is a highlight, but can this round of external buying really build a wall, or is it just another round of retail investors taking over?
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SnapshotBot
· 23h ago
Zero outflow is pretty impressive, but honestly, it's frustrating that the money from over-the-counter transactions can't make it into the market. We still need to see payment use cases take off for things to really change.
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RektButSmiling
· 23h ago
Zero outflow is indeed an impressive figure, but it's a bit awkward that OTC trades don't push the price. In reality, it still depends on whether payment scenarios can be implemented.
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CoffeeOnChain
· 23h ago
Zero outflow is indeed impressive, but can the accumulation of OTC buying really hold up, or is it just capital looking for undervalued opportunities?
XRP ETF attracts $230 million with zero outflow, but institutional buy-in still depends on this
[Crypto World] XRP ETF has performed remarkably well since its launch—accumulating $230.7 million in inflows, and more importantly, with zero outflows. This data stands in stark contrast to the recent net outflows seen in veteran spot ETFs like Bitcoin and Ethereum.
One detail worth noting: these buy orders are mainly going through over-the-counter trading channels, so they won’t directly drive secondary market prices in the short term. However, in the long run, this could lead to supply-side tightening. Pi42 CEO Avinash Shekhar offered an opinion—most of the funds entering at this stage are trading-oriented, and whether institutional capital can continue to follow depends on whether XRP’s transaction volume in real-world payment scenarios and enterprise-level applications can take off.
Simply put, product demand needs to keep up to sustain this wave of enthusiasm.