XRP exchange-traded funds (ETFs) recorded significant inflows of $14.38 million on Tuesday, marking a sharp reversal from recent outflows and reflecting shifting dynamics in the cryptocurrency market. The move follows the US Treasury’s August 19 monetary policy pivot and a hawkish speech by Federal Reserve Chair Kevin Warsh, which analysts say has influenced investor sentiment across digital assets.
The inflows into XRP ETFs contrasted with broader outflows in other major crypto ETFs, including $236.46 million leaving BTC ETFs on Monday. Ethereum and Solana ETFs also saw mixed performance, with ETH ETFs gaining $10.95 million and SOL ETFs attracting $10.19 million on Tuesday. XRP ETFs had last posted a net outflow on August 5, highlighting recent volatility in the sector.
The September 1 inflows were celebrated by the “XRP Army,” a community group cited in data analyses, though the organisation’s formal structure and influence remain unclear. Industry observers note that XRP’s inability to sustain a mid-August price surge has left questions about the sustainability of its recent gains.
Data from SoSoValue indicates that XRP ETFs have experienced fluctuating inflows and outflows since July, with two days in early July recording more outflows than inflows. The latest movement underscores ongoing speculation about the role of macroeconomic signals and regulatory developments in shaping crypto market trends.
Written by Emily Carter
XRP Desk
