$XRP ETFs are still recording positive inflows, but the flow structure is starting to show a noteworthy trend: “Most institutions bought XRP very early when the market was in a panic and liquidity was low.”

• Total $XRP ETF inflows have exceeded ~$1.3B
Many funds are holding positions with very large unrealized profits, but the rate of inflows is starting to slow down significantly.
Once the accumulation is recorded as distributed, the asset class will typically move from “aggressive accumulation” to “distribution/profit-taking.”
In every cycle, smart money usually buys aggressively when an asset is undervalued, creating a bullish narrative, then starts taking profits when retail FOMO returns.
While BTC and ETH ETFs are starting to see outflows, $XRP ETFs continue to record positive inflows for several consecutive days. In just the past week, $XRP ETF inflows exceeded +$60M.