Spot XRP ETFs surpass $1 billion in cumulative inflows since November launch

U.S. spot XRP exchange-traded funds (ETFs) reached a significant milestone, surpassing $1 billion in cumulative net inflows as of Monday. This achievement follows the launch of the first spot XRP ETF on November 13. On Monday alone, these ETFs saw $10.89 million in net inflows, with contributions from funds managed by Canary, Grayscale, and Franklin Templeton. Vincent Liu, CIO of Kronos Research, noted that this volume indicates rising institutional appetite for regulated exposure beyond Bitcoin and Ethereum, suggesting investors are positioning themselves around assets with clearer regulatory landscapes. In contrast, spot Bitcoin ETFs experienced their largest single-day outflow in nearly a month, totaling $357.7 million, while spot Ethereum ETFs saw $224.8 million in net outflows on the same day. Bitcoin's price also dropped sharply on Monday amid macro jitters and leverage unwinding.

(Source：The Block)