XRP ETFs Experience Growth Amid Declines in Bitcoin and Ether Funds
- U.S.-listed spot XRP ETFs saw net inflows of $11.88 million on May 29.
- In contrast, spot bitcoin ETFs recorded $125.31 million in net outflows on the same day.
- From May 20 to May 29, XRP ETFs accumulated approximately $35 million, while bitcoin ETFs lost about $1.70 billion.
- Total net assets for U.S. XRP ETFs reached around $1.12 billion, representing about 1.37% of XRP’s market value.
- Cumulative net inflows into XRP funds have totaled $1.42 billion since inception.
The divergence in fund flows highlights a growing interest in XRP products amidst a cooling appetite for bitcoin and ether investments, which are facing significant redemptions after volatile price movements.
With XRP funds gaining $35 million while bitcoin and ether funds lost over $2 billion, the current trend emphasizes a shift in institutional investment preferences towards XRP products.
