XRP Falls 64% Despite ₱66.71 billion ($1.1 billion) in ETF Inflows
Exchange-traded funds focused on XRP have pulled in ₱66.71 billion ($1.1 billion) in assets, yet diehard fans rather than casual retail traders appear to be driving the flows, according to Bloomberg senior ETF analyst Eric Balchunas.
Key Takeaway
XRP ETFs attract diehard fans but can't lift prices without a broader Bitcoin recovery.
Edelman Financial Engines founder Ric Edelman doesn't think XRP will recover the status it once had. The token's reputation took a beating after the SEC targeted Ripple in a lawsuit back in 2020.
XRP trades 60% below its all-time high set in October. Seven XRP ETFs now manage ₱66.71 billion ($1.1 billion) in assets, according to CoinShares data—a fraction of the ₱6.49 trillion ($107 billion) Bitcoin ETFs pulled in during their first year. Bitwise operates the most successful XRP ETF on the market, though the firm's fund only started bleeding money in March.
Bloomberg senior ETF analyst Eric Balchunas said the fact that XRP funds still see inflows despite the price collapse is encouraging. XRP probably needs Bitcoin to recover; Bitcoin itself trades nearly 50% below the peak it hit in October. Balchunas wrote on March 10 that XRP super fans likely drive the flows rather than casual retail traders. Ric Edelman questioned whether the modest inflows will matter in the end, noting they're positive but really low.
Ripple ended its legal dispute with the SEC in 2025 and got a boost when the Trump administration included XRP in the strategic digital asset reserve announcement last March. Ripple Chief Legal Officer Stuart Alderoty joined a White House meeting in February to negotiate on crypto market structure legislation with banking chiefs. The company hit a ₱3.03 trillion ($50 billion) valuation.
Standard Chartered's Geoffrey Kendrick initially projected XRP at $8 by end-2026 but cut his forecast to $2.80 in mid-February, citing weaker risk appetite and higher interest rates. Polymarket gives XRP a 76% probability of falling below $1.
This article was written based on reporting from Dlnews.
