XRP ETFs See Continued Inflows Amid Market Volatility
- Bitwise’s XRP ETF gained $10.55 million on October 6, raising its lifetime inflows to $688 million.
- Franklin’s XRP ETF saw a $4.07 million outflow, reducing its lifetime inflows to $501 million.
- Cumulative XRP ETF inflows reached $1.794 billion, with net assets at $1.697 billion, indicating a $97 million gap.
- XRP ETFs have recorded net inflows for twelve consecutive weeks despite market fluctuations.
- Evernorth’s XRPN listing is anticipated around October 12 as the next institutional test for XRP.
The XRP ETFs have shown resilience with twelve straight weeks of net inflows, even as individual days fluctuate between gains and losses. The recent market volatility saw Bitwise outperforming other issuers with significant positive inflows, while Franklin experienced notable outflows.
Despite a recent market downturn affecting Bitcoin and other cryptocurrencies, cumulative XRP ETF inflows remain strong at $1.794 billion against a slightly lower net asset value of $1.697 billion, reflecting investor confidence in the asset class’s potential recovery and growth trajectory.
