Ripple ETFs Continue Upward Trend Amidst Market Volatility
The spot Ripple (XRP) ETFs have been experiencing a prolonged green streak, lasting for nearly three months. Despite a slight dip in inflows during the previous week, they continued to attract investment, reaching a new all-time high in net inflows at $1.720 billion. This milestone was achieved on Wednesday, but the total dropped to $1.710 billion by Thursday.
On the day before the Senate vote for the CLARITY Act, the spot XRP ETFs saw a significant influx of funds, attracting $11.26 million. The failure of the bill's passage didn't lead to any direct net outflows, with SoSoValue showing zero reportable data on that day despite the underlying asset experiencing an 8% drop.
The SOL ETFs have been performing even better than their XRP counterparts, maintaining a green streak for nearly three months as well. They started the week by attracting just over $11 million and continued to gain funds, ending the week with $13.19 million in net inflows. This growth suggests that investors are still optimistic about Solana's prospects.