XRP ETFs lead inflows after SEC chair vows to act without CLARITY Act
- —XRP ETFs attracted $3.5 million on September 16, a tenth straight day of inflows
- —$295 million was withdrawn from bitcoin ETFs and $224 million from Ethereum ETFs
- —XRP open interest fell from $1.128 billion in August to $871 million
- —XRP trades at $1.30, below its 200-week EMA of $1.36
Why it matters: Inflows into XRP ETFs amid outflows from BTC and ETH show demand for XRP, but weak OI and a price below the 200W EMA point to a fragile trend.
Source: CoinGape