XRP Institutional Appetite Cools Down with $3.28M Net Outflow

The institutional appetite for XRP has cooled down abruptly, with US spot ETFs tracking the token logging $3.28 million in net outflows on Friday.

This reversal comes after a banner September when those same vehicles attracted $121.40 million in net inflows.

The shift in sentiment is attributed to the lack of concrete commitments from major South Korean lenders, despite high-profile industry gatherings in Seoul where representatives of Woori Bank, Kbank, and JB Bank were present.

XRP has steadied, trading at $1.50, up 0.9% on the day, keeping it above its 50-day moving average of $1.40.