Professional investors ended the greenback boogie on Monday. This term describes the steady rhythm of U.S. dollars that had been flowing into XRP ETFs before the recent trend reversed and cash began to leave the market. For three weeks, money moved into these XRP funds without stopping, but that streak has now concluded just as market liquidity hit a five-year low.
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Institutional Players Pause the Steady Inflows
Big-money buyers pulled approximately $35,210 out of spot funds during the week that ended on May 1. This exit ended a very positive stretch where investors had previously poured nearly $83 million into the system over three consecutive weeks. While the amount of money leaving is small compared to the total, it signals that the buying seen throughout April is starting to cool down.
Market Fragility Creates a Risky Environment
A key measurement of market health is currently showing signs of weakness. On the Binance exchange, the liquidity index for the coin dropped to 0.038, which is the lowest level recorded since 2020. When this index is low, it means there are fewer people available to buy or sell at any given time. Because of this, even a small trade could cause the price to jump or crash suddenly.
Even with the recent exit of cash, the total amount of money sitting in these funds remains quite high. Investors currently hold about $1.29 billion in these specific funds.
Some market experts believe the asset is simply going through a transition period where the price moves sideways while investors wait for the next big move. However, others warn that if large investors continue to leave, the risk of the price falling could increase.
Leading XRP ETFs by Assets under Management (AUM)
The following funds represent the core of the U.S. XRP ETF market as of May 4, 2026:
