XRP ETF Inflows Plummet 94% Amid Crypto Market Correction

The spot XRP ETFs have maintained their streak of positive net flows, but the numbers are concerning, with a 94% decline in weekly inflows.

The funds tracking the performance of Solana's SOL experienced an even more significant drop, going from over $188 million to under $2.5 million.

While the XRP ETFs attracted $75.59 million in the previous five-day trading period, the current week saw a sharp decline, with $4.74 million in net inflows.

The underlying asset, XRP, was rejected twice at $1.55 and dipped to $1.45 on Friday, but has since recovered some ground and is fighting for the $1.50 level.

The spot Solana ETFs had their second-best week in terms of net inflows, but their five-day performance slumped by over 97% to $2.43 million.