XRP ETFs: Brave New Funds or Just Clinging On?

by

The newly forged XRP exchange-traded funds (ETFs) have been lauded by Bloomberg’s Eric Balchunas, a man whose ability to find praise in a financial earthquake rivals even the most optimistic of Discworld wizards. Despite their performance resembling a particularly inept attempt to walk uphill in stilettos, the funds have somehow managed to cling to relevance.

According to Balchunas, the ETFs’ ability to endure a 45% price plunge is a testament to the XRP community’s dedication-or, as some might call it, “the kind of loyalty usually reserved for long-dead pop bands and overpriced coffee.” Most investors, he noted, tend to flee when their shiny new investments lose their sheen, but the XRP faithful have behaved less like traders and more like fans at a tribute concert for a cryptocurrency they’re convinced is “just one tweet away from redemption.”

HOT Stories
Ripple CEO: 2026 to Be ‘Defining Year’

$2 XRP Back on the Menu: Bollinger Bands, Bitcoin (BTC) Recovers to $70,000 Amid 500% Liquidation Imbalance, 494 Billion Shiba Inu (SHIB) Leaves Singapore’s Coinhako to Major Market Maker: Morning Crypto Report

“Like Solana,” Balchunas mused on X, “this is really impressive given these launched into a brutal 45% drawdown. Traditionally, inflows are near impossible for ETFs having a reverse shiny object moment, and especially if they’re brand new. My guess is this is largely XRP super fans vs casual retail.” Translation: If you’re still holding, you’re either a true believer or forgot to check your portfolio since 2020.

Current XRP ETF stats

The funds initially enjoyed a launch party worthy of a Discworld baron’s birthday, with nine-figure daily inflows that made January look like a particularly generous Santa. On Nov. 24 alone, they raked in $164 million-enough to make even the most jaded market analyst do a double-take. But by January, the party had devolved into a tragicomedy of errors, with the ETFs hemorrhaging nearly $93 million on Jan. 29. A particularly brisk day at the office, one might say.

According to SoSoValue’s data, the Total Net Assets (TNA) of these funds have dropped from a peak of $1.65 billion to a modest $971 million. Cumulative inflow metrics suggest investors are either holding their breath or simply too stubborn to admit defeat. Canary and Bitwise, the two surviving ships in this crypto gale, are currently clinging to over $260 million apiece-like two weary gamblers hoping the next card will finally turn their luck.

Read More

2026-03-10 22:28