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XRP ETFs attract inflows despite price slump
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XRP ETFs attract inflows despite price slump

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US spot XRP exchange-traded funds continued attracting investor capital despite XRP suffering one of its sharpest declines in recent months and falling to a 19-month low.

The funds recorded net inflows of $2.62 million over the week, making them one of the few major crypto ETF categories to finish in positive territory during a period of widespread market weakness.

The result stood in contrast to spot bitcoin ETFs, which reportedly experienced approximately $1.7 billion in net outflows as investors reduced exposure to risk assets amid deteriorating market conditions.

XRP ETFs saw their largest inflows on June 1 and June 4, when investors added $4.13 million and $3.83 million respectively, offsetting withdrawals of $5.34 million recorded on June 3.

The positive weekly performance pushed cumulative net inflows into XRP ETFs to a new record above $1.43 billion, extending a trend of continued investor interest despite the cryptocurrency's recent price struggles.

Bitwise maintained a narrow lead among XRP ETF issuers with approximately $467 million in assets, while Canary Capital followed closely with around $458 million in its XRPC fund.

The resilience of XRP ETF flows suggests some investors remain willing to increase exposure to the asset during periods of market weakness, even as broader sentiment across the cryptocurrency sector remains under pressure.

At the time of reporting, XRP price was $1.16.

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