The exchange-traded funds tracking the performance of the cross-border asset had a spectacular first month after the mid-November debut, quickly reaching the $1 billion mark. They didn’t see a single red day with more outflows than inflows for nearly two months, with January 7 finally breaking this impressive streak, which was the best in the crypto industry.The tides tin the following few months as the geopolitical uncertainty skyrocketed. Investors chose to stay on the sidelines or withdraw funds from the ETFs. March ended as the first month in the red, with more than $31 million pulled out, while there were multiple days with no reportable action.

However, the ceasefire between the US and Iran was the catalyst the ETFs needed, and the business week ending April 17 saw the single-highest net inflows in three $XRP $BTC