In a twist fit for the most extravagant tales of fortune and folly, it appears that our dear XRP Spot ETFs have decided to dance a merry jig, accumulating a net inflow of $45 million in but a week! One might say they are the rebellious child at the family dinner table, while the rest of the digital asset clan sulk in their chairs.
Oh, how the mighty have fallen! Bitcoin and Ethereum, those once-great titans of the crypto realm, now languish beneath the weight of their own follies, suffering significant outflows as if they were being pricked by a thousand tiny needles of despair. Bitcoin lost a paltry $80 million, while Ethereum, in an act of melodrama, bled a staggering $149 million. Such is the rollercoaster of fortunes!
XRP Defies Market Bearishness with $45M in Weekly ETF Inflows
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Institutions ‘buy the dip’
A curious spectacle unfolded on Friday, February 6th, when a deluge of daily inflows appeared as if summoned by a magician’s wand, lifting these products into the green like a phoenix rising from the ashes. Institutional desks, with their pockets brimming with ambition, treated the market’s tempest as an enticing discount, akin to a clearance sale at the finest bazaar.
On that fateful day, they scooped up a generous $39.04 million in one fell swoop! Leading the charge was none other than the Bitwise XRP ETF, which attracted a princely sum of $8.29 million in daily inflows. Franklin Templeton’s XRPZ followed closely, adding $3.94 million, while the adventurous Canary’s XRPC secured $2.93 million. What a delightful party!
Now, this eclectic asset class boasts a total of $1.04 billion in net assets, representing a modest 1.17% of the entire XRP market cap. Total historical net inflows have crossed the illustrious $1.22 billion mark-an achievement worthy of a grand toast!
Being greedy
Amidst the chaos, Ripple CEO Brad Garlinghouse donned his sage hat and urged calm and opportunism during the great XRP price crash of February 6. Channeling the wisdom of Warren Buffett, he proclaimed, “Be fearful when others are greedy, and greedy when others are fearful!” A mantra befitting a market philosopher!
This advice arrived after XRP took the lead in the market decline, earning the dubious honor of performing the worst among the top 100 cryptocurrencies, trading nearly 70% below its peak-a tragic fate indeed! As of now, XRP finds itself trading at a humble $1.42, having nibbled back some losses, according to CoinGecko data.
ETFs didn’t stop volatility
The approval of spot Bitcoin ETFs was heralded as the dawn of a new era, promising to soothe the legendary price swings of these volatile assets. Yet, alas! Bloomberg’s Senior ETF Analyst Eric Balchunas has reluctantly admitted that this theory was as flawed as a three-legged dog attempting to outrun a rabbit.
“I was wrong when I said we’d see less wild volatility,” Balchunas candidly confessed. “I’ll take the L there.” A rare moment of humility in the swirling tempest of cryptocurrency!
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2026-02-08 12:04