Bloomberg Senior ETF Analyst Eric Balchunas has lauded the "impressive" resilience of the recently launched XRP ETFs.
According to the prominent pundit, the resilience of these funds amid a massive 45% price drawdown shows the utter dedication of the XRP community. Casual retail investors typically flee during a"reverse shiny object moment," but the XRP funds have defied traditional market mechanics by continuing to hold substantial capital.
$2 XRP Back on the Menu: Bollinger Bands, Bitcoin Recovers to $70,000 Amid 500% Liquidation Imbalance, 494 Billion Shiba Inu Leaves Singapore's Coinhako to Major Market Maker: Morning Crypto Report "Like Solana this is really impressive given these launched into a brutal 45% drawdown," Balchunas noted on X."Traditionally, inflows are near imposs for ETF having a reverse shiny object moment, and esp if they are brand new. My guess is this is largely XRP super fans vs casual retail."The funds experienced nine-figure daily capital injections right out of the gate. For instance, Nov. 24 saw a record-setting single-day net inflow of over $164 million. This momentum carried the funds through December. However, the funds began to experience violent capital outflows in January. Jan. 29 stands out as the most brutal single day of capital flight, with the ETFs bleeding nearly $93 million in net outflows. The funds have indeed seen a massive drop in Total Net Assets due to the depreciation of XRP's spot price, according to the data provided by SoSoValue. In January, the combined TNA of these ETFs peaked at $1.65 billion. Today, that number has slipped just below the $1 billion mark to $971 million. MEXC Records $175M Net Inflows in February, Ranking 4th Among Global CEXs Endorphina Club Returns to Host the GamingTECH CEE Awards Ceremony & Party at HIPTHER Prague Summit 2026
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