Following spot Bitcoin and Ethereum ETFs, altcoin ETFs have also been launched in the US. Among these altcoins are Solana (SOL) and XRP, with XRP ETFs achieving significant success.
According to the data, XRP ETFs have seen net inflows for 30 consecutive days since their launch on November 13th.
In this respect, XRP presents a picture that is the complete opposite of Bitcoin and Ethereum ETFs, which have recently experienced large price increases.
According to SoSoValue data, spot XRP ETFs have recorded net inflows for 30 consecutive days since their first trading day on November 13, with no net outflows recorded in any trading session. At this point, there has been a net inflow of approximately $975 million into XRP spot ETFs, bringing total net assets to approximately $1.18 billion.
Experts argue that the uninterrupted inflows into XRP ETFs since their launch stand in stark contrast to established ETF models like Bitcoin and Ethereum.
However, despite consistent growth in XRP ETFs, XRP’s price performance has remained relatively weak. Data shows XRP has fallen by approximately 15% in the last month. With XRP trading around $2, the rapid growth of XRP spot ETFs is seen in the market as a signal of expanding medium- to long-term demand from institutional investors.
However, according to experts, whether or not there will be a short-term price recovery remains dependent on the pace of additional inflows and overall market conditions.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/exceptional-data-for-xrp-it-formed-a-30-day-streak-significantly-outperforming-bitcoin-and-ethereum/
