ETF flows remain relatively resilient
Although XRP has joined the broader crypto sell-off, ETF flows have continued to compare favourably with those seen in Bitcoin and Ethereum.
Throughout early May, spot XRP ETFs attracted strong institutional demand, recording one of their best months since launch while competing crypto funds experienced substantial redemptions.
During the final weeks of May, XRP-focused ETFs continued posting net inflows even as billions of dollars left Bitcoin and Ethereum investment products.
However, last week institutional buying slowed noticeably as broader market sentiment deteriorated.
While XRP ETFs did not experience the scale of outflows seen in Bitcoin and Ethereum funds, inflows moderated significantly as investors adopted a more defensive stance.
The ETF complex continues to hold a substantial proportion of circulating XRP supply, providing an important source of structural demand that may support prices once broader market conditions improve.