Canary Capital’s XRP exchange-traded fund (ETF) has seen strong demand within its first days of trading. Yet, XRP’s price fell nearly 11% since the ETF’s launch, as whale selling and overall market pressure limited the impact of institutional demand. This disconnect between ETF inflows and XRP price performance raises questions about how quickly institutional capital can impact cryptocurrency markets, especially during periods of volatility. XRP ETF Breaks Records, But Token Price Lags Behind BeInCrypto reported that Canary Capital launched its Spot XRP ETF (XRPC) on Nasdaq last week
source: https://beincrypto.com/xrp-price-falls-despite-etf-inflows/