XRP has seen a significant 41 million USD inflow, buoyed by growing Optimism for ETF approvals expected this January. In contrast, Ethereum products faced a sharp loss of 255 million USD, highlighting the mixed sentiment in the crypto market.
Overall, investors withdrew 940 million USD from crypto products, driven by macroeconomic worries and hawkish signals from the Federal Reserve. As a result, Bitcoin’s price dropped to a two-month low of 89,800 USD, reflecting broader market challenges.
Despite the downturn in other digital assets, sentiment for Bitcoin ETFs remains positive, potentially fueled by regulatory changes. XRP’s performance, along with Ripple leadership’s Optimism, indicates a cautious yet hopeful outlook for future ETF approvals.