Well, well, well, it looks like the crypto market had a bit of a rally over the past day, but don’t get too excited-XRP ETFs are still stuck in neutral. Investors? Not exactly rushing to throw their money at it. In fact, according to the very reliable (and somewhat sassy) SosoValue, only ONE XRP fund saw any new money come in. That’s right, one. Meanwhile, XRP’s price posted a solid 8% gain, and the ETFs just sat there like, “meh.”
Canary Capital: The Hero We Don’t Deserve
But hold onto your hats, folks-Canary Capital swooped in like a knight in shining armor (or more likely, a highly paid consultant in a tailored suit) and took the crown. While every other XRP ETF just stared at its screen in disbelief, Canary Capital was out there collecting $4.19 million in net inflows. And let’s be real-$4.19 million isn’t small change. That’s like the equivalent of a couple of Netflix subscriptions… but way more impactful in the world of finance.
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While the rest of the XRP ETFs spent the day twiddling their thumbs, Canary Capital was like, “I’ll handle this.” Thanks to its $4.19 million net inflow, the overall sector’s net inflows now sit at around $1.26 billion (as of March 4). So, while the rest of the XRP ETFs-looking at you, Bitwise, Franklin Templeton, 21Shares, and Grayscale-did absolutely nada, Canary Capital’s single-handed effort is putting the whole sector on its back. Classic underdog story, if you ask me.
Are Institutions Just Not That Into XRP?
So, here’s the big question: are institutions still just not feeling XRP? It sure looks that way. Despite XRP’s price finally stopping its dramatic downward slide, the ETFs’ weak performance suggests that investors are still sitting on the sidelines, waiting for a real, sustainable market rally. Maybe they’re hoping for some more solid confirmation that this surge isn’t just another false start?
But hey, at least XRP managed to spike to near $1.50 during this brief moment of excitement, which is probably more than any of us expected. As of right now, it’s hovering around $1.43, up 2.61% for the day. So, while the ETF market might be stuck in traffic, XRP itself is at least enjoying the ride. I guess we’ll see how long that lasts, huh?
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2026-03-05 18:22