XRP ETFs absorbed nearly $1 billion in 18 days, yet the price is flashing a major warning signal
XRP ETFs saw nearly $1 billion in inflows over 18 days, but persistent selling pressure in derivatives markets is keeping the price range-bound.Summary
XRP Exchange-Traded Funds (ETFs) have experienced an unprecedented streak, absorbing nearly $954 million in 18 consecutive trading sessions without any outflows, signaling a new cohort of "off-chain crypto holders" using regulated wrappers for exposure. This passive demand, akin to traditional ETF buying, contrasts sharply with XRP's price action, which remains range-bound around $2.09, down 20% in 30 days. This divergence suggests ETF inflows are merely buffering supply being sold actively in derivatives markets, where metrics like the Taker Sell Ratio are high and futures open interest has collapsed by 59%. This creates a new dual-track market for XRP: steady, passive ETF demand countering active, speculative exchange-driven outflows. While this balance currently stabilizes the price, the long-term sustainability is uncertain, as the asset's price discovery is increasingly anchored in traditional brokerage workflows rather than native on-chain utility.
(Source：CryptoSlate)