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Crypto & Bitcoin

XRP ETFs face $489 million in unrealized losses as price stays 28% below entry

Reported by Dr. Levent Kurt, CoinTurk News

Image: CoinTurk News

US spot XRP exchange-traded funds (ETFs) have accumulated about $1.81 billion in net inflows, yet current data shows investors are sitting on roughly $489 million in unrealized losses as the XRP price remains below their average purchase points. Data compiled by CryptoETF Today reveals that the five major US-listed XRP ETFs have a modeled average acquisition price of $1.72 per XRP. As of October 30, XRP traded near $1.24, reflecting a significant drop from the entry price and resulting in a paper loss of approximately $488.7 million. This decline represents a 27.6% decrease from the modeled initial investment level.

This is an excerpt. The reporting belongs to CoinTurk News.

Read the full report on en.coin-turk.com
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