Ripple ETF Demand Has Ended As XRP Price Drops 11% Weekly

It’s been three months since the first XRP ETF launched, but demand seems to have evaporated.

It’s been another week of satisfactory performance for the XRP ETF, with funds attracting little to no net inflows.

At the same time, the underlying asset has struggled to maintain the price increase from last week, and is now trading more than 10% lower.

Where Did the Demand for the Ripple ETF Go?

Canary Capital’s XRPC was met by investors with open arms, breaking the record of trading volume for the first day of 2025 on November 13. Four additional products tracking the altcoin followed, and the total revenue quickly reached more than $1 billion. However, it has been steadily rising ever since, and even some weeks in the red.

For example, investors withdrew $40.64 million during the week ending January 23, and another $52.26 million the following week. The sequel was even better, with $39.04 million in revenue. The situation changed at that time: interest and demand are nowhere to be found.

Two weeks ago – February 11 – ETFs had no daily flow reported, SoSoValue showing a clear “$0.00” for the first time since the products were launched. This behavior was worse last week when there were two such days – February 17 and February 20. Even the other two showed little interest: $ 2.21 million in net outflow on February 18 and $ 4.05 million in income on February 19.

Since Monday was a national holiday in the US and the markets were closed, this meant that half of the business days had no real trading volume to report. Therefore, it is not surprising that the consolidated income remained low at $1.23 billion.

XRP Price Falls

Somewhat unexpectedly, Ripple’s native cross-border token jumped hard by double digits last weekend, to a multi-week high above $1.65 despite a lack of ETF action. However, this occasional price pump was short-lived, and the commodity quickly lost steam. It returned to $1.40 during the week and dipped below that level several times.

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It has managed to defend that support as of press time, but is still more than 10% down on a weekly basis. Apart from ETF investors who showed a great lack of interest in the asset, the data shared by the famous analyst CW shows that short traders continue to dominate the XRP space.

However, a recent report by Santiment suggested that XRP may be looking bearish for now, according to the 30-day MVRV moving average. In addition, the increasing amount of virtual losses can lead to a significant price increase of the Ripple token, as it has happened in the past. In fact, it led to a 114% increase back in 2022 when such a loss was last seen.