XRP funding rates reach one year high while spot exchange traded funds lose $10.4 million
Image: Crypto.newsBinance XRP funding rates have climbed to their highest level in over a year. Futures traders maintain bullish positioning despite a recent 30 percent price correction. Meanwhile, spot XRP exchange traded funds recorded 10.4 million dollars in net outflows. The withdrawals equaled 9.37 million tokens.
Key points
- Binance XRP funding rates reached their highest level in more than a year at approximately 0.18 percent.
- Spot XRP exchange traded funds recorded 10.4 million dollars in net outflows.
- The ETF withdrawals equaled approximately 9.37 million XRP tokens.
- Binance derivatives positioning remains bullish despite XRP entering a 30 percent correction.
Why it matters
Elevated funding rates alongside spot exchange traded fund outflows indicate a divergence between derivatives positioning and institutional product demand.
Price context · XRP
At publication
$1.08
Now
$1.08
Change since
−0.09%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
XRP Funding Rates Hit 1-Year High on Binance as Spot ETFs Shed $10.4M
Coverage timeline
- First reported by Crypto.news
- Also reported by Blockonomi
- CryptoVideos brief published
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AXS
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