XRP ETFs see steady inflows as total assets hit $1.2B
Summary
US XRP exchange-traded funds (ETFs) have amassed $1.2 billion in total assets, driven by an unbroken streak of daily capital inflows since their market debut. Canary's XRP ETF leads with $335 million in assets under management, followed by 21shares ($250M+) and Grayscale ($220M+). These funds have collectively attracted $1 billion in net inflows. Despite this strong ETF performance, XRP's price has lagged behind Bitcoin, trading around $1.9 and down 9% over the last month amid market volatility. Furthermore, some analysts, like Markus Thielen of 10x Research, suggest that most non-Bitcoin crypto ETFs may struggle for long-term success as institutional focus remains primarily on Bitcoin as "digital gold," arguing that altcoins like XRP lack a sufficiently compelling institutional narrative.
(Source:Crypto Briefing)