XRP breaks market trend as altcoin ETF leader by key metric, outpacing Solana
Summary
XRP spot exchange-traded funds (ETFs) in the US have rapidly overtaken Solana ETFs in cumulative inflows, registering approximately $587 million in less than 10 trading days, compared to Solana's $568 million over a longer period. This surge positions XRP as the primary destination for institutional risk appetite outside of Bitcoin and Ethereum. The rapid success is attributed to aggressive pricing strategies, notably Franklin Templeton's XRPZ fund offering a 0.19% fee waived until May 2026, effectively creating a zero-cost trade for institutional allocators. This low-cost structure coincided with significant demand, evidenced by a $164 million injection on November 24th after major issuers launched. Unlike Solana ETFs, which acted as a dampener against price corrections, XRP ETF flows are fueling a breakout, absorbing legacy selling pressure around the $2 psychological zone and turning resistance into an accumulation floor. Analysts suggest that if current trends persist, XRP ETFs could reach $1.5 billion in assets under management (AUM) by year-end, with a bullish scenario projecting near $2 billion by the end of 2025.
(Source:CryptoSlate)