Grayscale pulled out a massive $98 million from XRP ETFs—the largest outflow XRP has ever seen. This caused heavy selling pressure and seriously hurt investor confidence.
A few institutions still showed support. Nasdaq bought $2.1 million worth of XRP, Bitwise added $2.41 million, and Franklin invested $972,760. These purchases softened the impact slightly, but not enough.
Overall, daily outflows still hit $92.92 million, and by the end of the week, total outflows reached $69.05 million. XRP’s price dropped sharply, showing how fragile institutional confidence is and how strongly large withdrawals can affect its price.
XRP
1.613
+0.30%