Despite a sharp market-wide downturn, U.S. spot exchange-traded funds tracking Ripple’s XRP managed to eke out a positive week. The ETFs saw modest net inflows totaling $2.62 million, pushing their cumulative assets to a new high above $1.43 billion. This contrasted with massive outflows from other major crypto funds. Meanwhile, the price of XRP itself plummeted over 20%, hitting its lowest point in 19 months.
It was a painful week for most cryptocurrency assets, and Ripple’s XRP was no exception. The asset’s price dropped hard amid broader market turmoil.
However, U.S. spot XRP exchange-traded funds offered a rare bright spot. They still managed to close the week with net inflows, unlike almost all other major crypto ETFs.
The actual numbers were modest, with the week ending in $2.62 million in net inflows. This paled in comparison to the funds tracking bitcoin, which shed a massive $1.7 billion.
The spot XRP ETFs had only one day in the red last week. Net inflows on June 1 and June 4 managed to offset the single day of withdrawals.
Thus, the funds’ total cumulative flows continued to increase slightly. They tapped a new all-time high at over $1.43 billion.
Bitwise’s XRP ETF has extended its lead over Canary Capital’s XRPC. Both ETFs now hold $467 million and $458 million, respectively.
Despite the positive ETF news, the underlying asset was not spared. In a week where BTC dumped sharply, Ripple’s cross-border asset went from $1.33 to $1.05.
This 21% crash meant XRP marked its lowest price since late 2024. Its rebound has been quite modest, and it still trades below $1.10.
Analysts remain hopeful about its long-term potential. Even a prominent believer, EGRAG CRYPTO, warned that a dip below $1.00 may be unavoidable at this time unless the broader market’s structure improves rapidly.
