XRP (CRYPTO: XRP) is up 2% on Friday despite ETF outflows on Thursday as derivatives volume exploded 35% over the last 24 hours.
The ETF Outflow Problem
XRP spot ETFs recorded $6.08 million in net outflows on March 12, extending a streak of redemptions even as technical momentum improved.
Total net assets sit at $967.77 million, but flow patterns have been unstable with big inflows on March 6 and 9 totaling $34.73 million, then outflows on March 5, 10, and 12.
U.S.-listed XRP ETFs recorded roughly $3.9 million in outflows during the session. The negative flows suggest institutional investors are trimming positions despite the price rally.
The Short Squeeze Catalyst
Derivatives data shows where the real action is. Trading volume surged 35% to $4.45 billion while open interest rose 9.37% to $2.66 …Full story available on Benzinga.com
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