According to U.Today, investment in XRP-focused exchange-traded products (ETPs) experienced a significant decline of 72% last week. The latest weekly report from CoinShares reveals that flows into XRP ETPs dropped from $700,000 to $200,000 over the past seven days. Despite this decline, the inflows remain positive, especially when compared to other crypto ETPs that have seen no activity or even outflows. For instance, products tied to Solana (SOL) experienced outflows of $38.9 million, surpassing their remaining year-to-date results.
More notably, XRP-focused investment products have attracted $22 million since the beginning of the year, which is more than the combined inflows of BNB, Cardano (ADA), and Tron (TRX). The decline in investment is likely due to the conclusion of a long-running legal battle between Ripple and the SEC. This event was a significant fundamental for XRP, as the cryptocurrency had been a focal point of the case. With the final verdict favoring Ripple and XRP, investor interest may have waned. However, the fact that there are still more funds coming in than going out is a positive sign.
In general, digital asset investment products saw inflows of around $30 million last week. Meanwhile, recent macroeconomic data suggests that the Federal Reserve is less likely to cut interest rates by 50 basis points in September, leading to a nearly 50% drop in weekly trading volume for investment products.
