XRP ETFs attract inflows as rivals decline
- XRP (CRYPTO:XRP) exchange-traded funds recorded US$22.99 million in net inflows despite heavy outflows across Bitcoin, Ethereum and Solana investment products.
- Bitwise's XRP ETF led the market with US$16.97 million in weekly inflows and more than US$237 million in assets under management.
- The divergence suggests institutional investors continued allocating capital to XRP funds even as broader cryptocurrency ETF sentiment weakened.
XRP (CRYPTO:XRP) exchange-traded funds attracted US$22.99 million in net inflows last week, outperforming other major cryptocurrency investment products that recorded significant capital outflows.
Bitwise's XRP ETF led the category with US$16.97 million in weekly inflows, while Franklin Templeton's XRP ETF added US$3.97 million, according to CoinGlass.
The total historical net inflows into XRP spot ETFs have reached US$738.39 million, with Bitwise holding US$237.01 million in assets under management.
Canary's XRP ETF has accumulated US$218.26 million in assets under management, followed by Franklin Templeton's fund with US$162.16 million and the Grayscale XRP Trust ETF with US$49.53 million.
The positive flows contrasted with Bitcoin (CRYPTO:BTC) ETFs, which recorded US$1.79 billion in net outflows during the same period.
Ethereum (CRYPTO:ETH) ETFs also experienced US$273.34 million in net outflows, while Solana (CRYPTO:SOL) investment products recorded US$3.8 million in net redemptions.
The latest fund flow data indicates institutional demand for XRP remained resilient despite broader weakness across cryptocurrency exchange-traded products.
At the time of reporting, XRP price was $1.05.
