XRP Defies Market Bearishness with $45M in Weekly ETF Inflows

Franklin Templeton‘s XRPZ added $3.94 million, while Canary’s XRPC secured $2.93 million.

The asset class now commands $1.04 billion in total net assets, representing approximately 1.17% of the total XRP market cap.

Total historical net inflows have now crossed the $1.22 billion mark.

Being greedy

Ripple CEO Brad Garlinghouse urged calm and opportunism during a historic XRP price crash on Feb. 6, quoting Warren Buffett: “Be fearful when others are greedy, and greedy when others are fearful!” Garlinghouse framed the downturn as a buying opportunity created by market hysteria.

This came after XRP led the market decline, performing the worst among the top 100 cryptocurrencies and trading nearly 70% below its peak.

XRP is currently trading at $1.42 after paring some losses, CoinGecko data shows.

ETFs didnt stop volatility

The approval of spot Bitcoin ETFs as well as other ETFs was expected to dampen the assets legendary price swings.

Bloomberg Senior ETF Analyst Eric Balchunas has conceded that this thesis was flawed.

“I was wrong when I said we‘d see less wild volatility,” Balchunas wrote. “I’ll take the L there.”