XRP drops 7.3% as ETF inflows hit $1.73 billion, CFTC chair eyes new crypto rules

XRP continues to experience a divergence between market price performance and institutional product inflows, with the latest data highlighting significant increased investment in XRP exchange-traded funds. Despite a recent price decline, interest from institutional investors remains steady, further spotlighting XRP’s evolving position in the digital asset market.

Institutional inflows rise despite XRP price weakness

Data from crypto market analyst X Finance Bull shows that spot XRP ETFs have recorded $61.87 million in net inflows in September. Total cumulative inflows to date have reached $1.73 billion. This robust investment activity persists even as the value of XRP faces increased selling pressure and price corrections.

Investor demand for XRP-backed products has continued regardless of weak spot prices. While ETF inflows often reflect positive sentiment from institutional players, they do not always correspond with immediate price recoveries.

The current gap between strong ETF inflows and XRP’s falling spot price has drawn the attention of analysts and traders alike. At present, XRP is trading at $1.50, with a 24-hour trading volume of $7.05 billion and a market capitalization standing at $94.53 billion. Over the last 24 hours, XRP’s price has declined by 7.32%.