XRP ETF Launch Sparks Market Dip Despite Strong Inflows

The launch of the XRP spot ETF, XRPC by Canary Capital, has sent ripples through the cryptocurrency market. While it saw a record-breaking $245 million in inflows, XRP prices experienced a notable decline, dropping as much as 7-8%. This unexpected price drop highlights a crucial tension: the interplay between institutional investment and market sentiment, particularly when confronted with macro factors.