Ripple’s week was brutal for the token. The odd part is what happened in the US ETF wrappers.
XRP dropped hard, closing the week near its lowest level since late 2024. But the exchange-traded funds that track XRP still managed to finish in the green, according to Crypto Potato’s reporting.
Weekly flows stayed positive for XRP ETFs
Crypto Potato says XRP ETFs ended the week with $2.62 million in net inflows. That’s far from the launch-phase frenzy. The first XRP ETF pulled in $1 billion in just over a month, and Crypto Potato frames this latest week as a more modest pattern.
The details matter. Crypto Potato notes spot XRP ETFs had only one day in the red. On June 3, they recorded $5.34 million in net withdrawals. Two other days brought in cash that offset the loss. June 1 showed $4.13 million in net inflows and June 4 added $3.83 million. The remaining two days saw little to no reportable movement, with SoSoValue showing $0.00 for both.
Even with muted daily swings, Crypto Potato says the funds’ total cumulative flows inched higher and reached a fresh all-time high above $1.43 billion.
SoSoValue vs. holdings: Bitwise stays ahead
Crypto Potato also compares who holds the most in the two main XRP ETF products. It reports Bitwise’s XRP fund has $467 million, while Canary Capital’s XRPC holds $458 million. Bitwise therefore kept a narrow lead, but not by a wide margin.
The takeaway here is simple. Flows into these ETFs did not evaporate just because XRP itself sold off.
XRP still crashed with the broader market
The token story didn’t match the ETF one.
Crypto Potato says the week’s market move dragged XRP lower even as BTC fell from over $73,000 to $59,000. In that same window, XRP went from $1.33 to $1.05, a roughly 21% crash.
That decline pushed XRP to a level Crypto Potato describes as the lowest since late 2024, after a post-US election rally began. The price also slid to just above $1.00, the psychological threshold. Crypto Potato adds that any rebound since then has been modest, and the asset is still below $1.10.
Analysts flag a possible $1 break
Crypto Potato brings in caution from the analyst side. While it says “analysts remain hopeful about its long-term potential,” it also cites EGRAG CRYPTO’s warning that a dip below $1.00 may be unavoidable unless the broader market’s structure improves quickly.
That’s not a prediction you can trade on. But it does explain why “ETF green” may not calm token holders. ETFs can absorb flows even when the underlying asset reprices lower.
Key figures from Crypto Potato’s report
| Metric | Value | Date or context |
|---|---|---|
| XRP ETFs net inflows | $2.62M | Week close |
| Largest inflow day | $4.13M | June 1 |
| Largest withdrawal day | $5.34M | June 3 |
| Other trading days | $0.00 (no reportable action) | SoSoValue, two days |
| XRP ETFs cumulative flows | Over $1.43B | New all-time high |
| Bitwise XRP ETF holdings | $467M | Compared to XRPC |
| Canary Capital XRPC holdings | $458M | Compared to Bitwise |
| XRP price move (weekly) | $1.33 → $1.05 | ~21% crash |
| BTC price move (weekly) | $73,000+ → $59,000 | Market context |
| XRP level after drop | Just above $1.00 | Psychological level |
Why the ETF “green” is the headline, not a shield
Crypto Potato frames the ETF result as a rare bright spot. That’s credible, especially because the report says XRP ETFs outperformed the broader ETF set. It contrasts the week’s $2.62M net inflows with spot bitcoin ETF outflows of $1.7B.
But the ETF wrapper doesn’t stop the underlying risk. Crypto Potato’s own numbers show the token still took the hit.
So, what should readers watch next? In Crypto Potato’s telling, the ETF inflow pattern is holding up day-to-day enough to keep cumulative flows rising. Meanwhile, the token is negotiating a key support zone around $1.00 while BTC’s structure still sets the tone.