XRP spot ETF AUM holds steady despite asset's 45% price drop

XRP spot ETFs are exhibiting an unusual trend by maintaining their total assets under management (AUM) even as the underlying asset's price has fallen, DL News reported. While the price of XRP has dropped by more than 45% from $3 just before the ETFs launched last year to a recent $1.4, the funds have attracted over $1.4 billion in net inflows since their debut. The resilience in AUM is attributed to buying pressure from a dedicated base of XRP holders. In contrast, Solana (SOL) spot ETFs, which launched around the same time and maintain a similar AUM, are reportedly sustained primarily by institutional investor inflows. As of the end of last year, Goldman Sachs was the largest institutional holder of XRP spot ETFs.