XRP ETF Inflows Contrast With Bitcoin Outflows Amid Price Stagnation
XRP exchange-traded funds (ETFs) continue to attract significant inflows, with recent additions totaling $5.1 million and extending a strong accumulation trend. In contrast, Bitcoin ETFs have seen withdrawals of $282.6 million over three days.
This growing institutional demand has led XRP ETFs to hold about 1.1 billion XRP, roughly 1.13% of the total supply, worth around $2 billion. Despite this, XRP's price remains stuck near $1.35, $1.40, likely due to broader market risks and profit-taking pressures.
Retail demand for XRP is also strong, with 66% buy orders on Pluang as of September 15th, compared to 48% for Bitcoin. This indicates a preference for XRP among retail investors at the moment.