Ripple ETF Investors Unfazed by Market Crash as XRP Price Starts to Recover

XRP experienced intense volatility but was stopped at $1.54 during its recovery attempt.

Unlike investors using the spot Bitcoin and Ethereum ETFs to gain exposure to the two market leaders, those who opted for the XRP funds seemed unfazed by the latest crypto crash.

Data from SoSoValue shows that last week ended well in the green for the Ripple ETFs, even as the price of the underlying asset went through some of its darkest periods.

XRP ETFs Continue to Rise

Recall that last business week ended in the red for the Monday’s data shows a small outflow of just over $400,000, which was quite negligible considering the entire market crashed again over that weekend.

However, according to SoSoValue, XRP ETF investors began pouring money back into the financial instruments, with $19.46 million on Tuesday, $4.83 million on Wednesday and $15.16 million on Friday. For some reason the monitoring source did not update the data for Thursday, but other websites and reports still show small net inflows.

Moreover, cumulative net inflows for the spot

Spot ETH ETFs are down about $170 million, while BTC counterparts are down $358 million within the same time frame.

XRP price is going crazy

The past week has been nothing short of a wild rollercoaster ride for the entire crypto market, but Ripple’s cross-border token has led the way. Last Saturday, the stock crashed from $1.75 to $1.50, which was bad enough considering it was trading at $2.40 on January 6.

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The bears weren’t done yet, however, as they started with a pair of consecutive leg-downs, culminating in a huge plunge to $1.11 (on Bitstamp) on Friday morning. This meant that XRP had dumped by more than 50% in just a month.

Then came the big upswing, as some statistics suggested. Within hours, the asset shot up 40% to $1.54, where it was rejected again and is now struggling to stay above $1.40. From the data above, it is clear that ETF investors are not responsible for these wild swings, at least not in the case of XRP.