Ether ETFs See Major Inflows While XRP Continues Strong Performance
- Spot Ether ETFs in the US recorded $84.6 million in net inflows on Monday, ending a seven-day outflow streak.
- Last week, over $700 million exited spot Ether products, indicating a significant shift in market sentiment.
- XRP ETFs reported $43.9 million in net inflows on Monday, marking their strongest daily performance since early December.
- Cumulative net inflows for XRP ETFs have exceeded $1.1 billion since their launch, with no outflow days recorded.
- Solana (SOL) ETFs attracted about $750 million in cumulative net inflows, while Chainlink (LINK) added nearly $2 million on Monday.
- Global crypto ETPs experienced approximately $952 million in net outflows last week, primarily from Bitcoin and Ether funds.
The recent inflow of $84.6 million into Ether ETFs highlights a potential recovery after significant sell-offs last week, while XRP continues to demonstrate resilience with consistent inflows exceeding $1 billion cumulatively.
Overall, the contrasting trends between Ether and XRP products reflect shifting investor behaviors amidst broader market fluctuations.(Source)
