ETF inflows positive for XRP amid outflows for all other crypto
While BTC and ETH bled hundreds of millions last week from their spot ETFs, investors quietly averaged-in to their XRP positions.
Last week, spot bitcoin ETFs lost $296 million. Spot ether ETFs lost $207 million. Outflows across major spot crypto ETFs exceeded half a billion dollars. XRP ETFs, in stark contrast, gained millions in spot inflows.
In one of the worst weeks for crypto with total market capitalization dropping well over $100 billion, XRP was the only asset among major spot crypto ETFs to post positive net inflows for the week ending March 27.
Market Context
The outperformance of XRP among its spot ETF peers displays its relative strength in a week where war, tariffs, and risk-off sentiment drove institutional money out of every other major crypto product.
Amid the bearish headlines, somebody was still buying XRP.
It was the exact opposite of momentum chasing. That is conviction.
Obviously, the war in Iran did not end last week on the schedule that Donald Trump had originally forecasted. As a result, everything sold off as investors prepared for a long, tough slog.
Over the course of March, XRP spot ETF outflows actually shrunk during the course of the worsening Middle East conflict, then flipped positive.
During the same month, bitcoin and other majors flipped from inflows to outflows. Ethereum extended its outflow trend that had already lasted for weeks.
XRP is the second-fastest crypto ETF to cross the billion-dollar threshold after bitcoin, and its flows outperformed last week.
Institutions managing billions do not average-in and steadily allocate into a declining asset unless they see something ahead the market has not priced in yet.
Even with XRP declining a bit in price, XRP ETFs inflows went up. That disconnect cannot last forever!
News
FTC issues debanking warning to payment companies (Ftc.gov)
Morgan Stanley $MS sets BTC ETF fee at 14 basis points, a new industry low (SecFiling)
Senator Warren (D-MA) flags Bitmain as a national security concern (Bloomberg)
Washington sues Kalshi over alleged illegal gambling (Wa.gov)
Canada proposes ban on crypto political donations (X)
California blocks officials from insider trading on prediction markets (Reuters)
ECB warns top DeFi protocol holdings are highly concentrated (Ecb.europa.eu)
Vietnam dismantled ONUS crypto fraud ring (Gov.vn)
Yuma stakes $691M across TAO subnets (X)
xStocks moves to tokenize Fundrise Innovation Fund $VCX (Kraken)
BNP Paribas expands crypto asset ETN offerings (BNPParibas)
Ethereum Foundation stakes $46M in ETH, largest allocation to date (X)
Square auto-enables BTC payments for millions of US businesses (Coindesk)
Intercontinental Exchange $ICE increases Polymarket investment by $600M (Businesswire)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
XRP Premium Analysis
The ETF flow data this week tells you everything you need to know about who is positioned correctly in this market and who is not.
When every major crypto product is bleeding capital, XRP is the one asset where institutions are still adding. That is a signal worth paying close attention to.
In today’s Premium Analysis, I break down exactly what this flow divergence means for XRP’s price trajectory, and why the March reversal pattern from negative $28 million during the early Iran war panic to million in inflows last week is structurally significant. Note also that the CLARITY Act moves toward a Senate markup after Easter recess. Let’s dive in…