The post XRP ETF Price Crash Explained appeared first on Coinpedia Fintech News
The launch of the first XRP spot ETF on Nasdaq created major excitement, but instead of rising, XRP dropped around 8%, surprising investors who expected an instant rally. New data shows that while the inflows were impressive for day one, the amount was still too small to move a $138B market cap asset like XRP.
$245M Inflows Were Not Enough To Lift Price
The first ETF recorded approximately $245M in inflows and almost $60M in trading volume on launch day. While this set a record for a new XRP product, it represents under 1% of XRP’s total market value.
This means the inflows were not powerful enough to create demand pressure, so the price fell nearly 8% as traders took profit and hype cooled.
ETF Buying Did Not Hit Public Order Books
Many assumed that ETF inflows would instantly remove XRP from exchanges. However, current structure shows ETF inflows do not always equal direct spot buying, whic
We współpracy z: https://coinpedia.org/news/xrp-etf-price-crash-explained/
