XRP ETFs Log One Month of Inflows as BTC, ETH Funds Bleed $4.6B
Summary
US-listed spot XRP exchange-traded funds (ETFs) achieved a milestone of one month of consecutive net inflows since their November 13 launch, accumulating approximately $990.9 million in fresh capital across five products.
This performance starkly contrasts with Bitcoin and Ethereum spot ETFs over the same 30-day period, which collectively experienced net outflows totaling about $4.6 billion ($3.39B for BTC and $1.26B for ETH). Ripple CEO Brad Garlinghouse noted that XRP became one of the fastest crypto spot ETFs to reach $1 billion in Assets Under Management (AUM) in the US, second only to Ethereum, attributing this success to pent-up demand for regulated crypto products.
Further institutional adoption was signaled by CME Group's announcement to launch Spot-Quoted XRP and SOL futures on December 15. Despite the strong accumulation signals from ETFs, XRP's price remained subdued, trading at $1.89, which analysts suggest is due to the delayed price effects inherent in ETF creation/arbitrage mechanics.
(Source:BeInCrypto)