Spot XRP ETFs Achieve Record Launch, Surpassing Major Crypto Funds
- Grayscale and Franklin Templeton’s spot XRP ETFs recorded over $60 million each in net inflows on launch day.
- Franklin Templeton’s XRPZ ETF debuted on NYSE Arca with $62.6 million in inflows, while Grayscale’s GXRP ETF saw $67.4 million.
- The combined net inflows for the spot XRP ETFs reached $164 million, outperforming other major crypto-based funds like Bitcoin and Ethereum.
- Bitcoin ETFs experienced a decline with $151 million in outflows, led by BlackRock’s IBIT.
Spot XRP ETFs have made a significant impact in the market by achieving record-breaking launches and surpassing established cryptocurrency funds such as Bitcoin and Ethereum in terms of daily net inflows.
With cumulative net inflows of $586.8 million over eight days, the performance of XRP ETFs highlights their growing importance within the digital payments ecosystem. (Source)
