XRP ETF pullin $243M inflows, mark $58M debut volume; BTC & ETH ETFs dey suffer outflows
Canary Capital spot XRP ETF (XRPC) shine well well for Nasdaq debut, dem dey attract $243M net inflows plus make record for day-one trading volume of $58M. Di ETF pass Bloomberg $17M forecast for less than one hour, na im lead pass more than 900 crypto plus traditional ETFs wey dem launch dis year. But Bitcoin ETFs lose $492M for three days – mostly from BlackRock’s IBIT – Ethereum ETFs sef get $177M withdrawals, mainly from ETHA. Market slump push BTC under $100K and ETH under $3,360, while XRP dey trade for $2.27 and SOL for $142.43. Ripple secure $500M strategic investment for $40B valuation. Traders suppose dey watch how capital dey turn enter XRP ETF and how e fit affect crypto ETF flows plus digital asset price movement.
Bullish
Di rekod inflows and trading volume for spot XRP ETF show say institution dem get strong demand plus capital dey shift from BTC and ETH ETFs. For short term, dis influx fit push XRP price higher as traders and institutions dey rearrange dia portfolio. The ETF dey perform pass wetin dem forecast plus e fit attract plenty assets even for weak market, this one show say market confidence dey grow. For long term, steady institution interest plus strategic investment for Ripple dey strengthen XRP fundamental outlook, supporting price to continue go up.