Spot XRP ETFs defy market downturn in 30-day post-launch inflow streak

US-listed spot XRP exchange-traded funds have hit 30 consecutive days of net inflows since their market debut, even as price weakness and bearish derivatives data continue to weigh on the token itself.

The inflow streak began when Canary Capital’s XRPC launched on November 13 and reached its 30th day on Tuesday, one of the strongest sustained demand runs seen among newly launched crypto ETFs in the US market. The products crossed a capital threshold, jumping to $1.18 billion, after counting $8.54 million inflows during the day’s trading hours.

“30 straight days of net inflows for XRP Spot ETFs,” Ripple CEO Brad Garlinghouse celebrated the netflows on X.

XRP ETFs in green as BTC and ETH funds bleed

Institutional XRP proponents may be in a celebratory mood a week before Christmas, but Bitcoin and Ethereum funds have had two and four consecutive days of outflows, respectively. According to figures from Farside Investors and SoSoValue, US spot Ethereum ETFs saw a combined $224.9 million in net outflows yesterday.

The largest share of those redemptions came from BlackRock’s iShares Ethereum Trust, which shed roughly $221 million in a single session. Grayscale’s Ethereum Trust also experienced $2.9 million outflows, contributing to the broader exodus from ETH-linked products.

Bitcoin ETFs, per data from SoSoValue, BlackRock’s iShares Bitcoin Trust recorded net outflows of $210.68 million, the largest single-day withdrawal among US spot Bitcoin funds. Grayscale’s Bitcoin Trust reported no net flows, while its Bitcoin Mini Trust saw $7.37 million in net outflows. 

Bitwise’s Bitcoin ETF recorded $50.93 million leaving the fund, Ark and 21Shares’ ARKB lost $16.87 million, and VanEck’s HODL ETF posted $17.96 million in net outflows. Fidelity’s Wise Origin Bitcoin Fund was the only exception, posting $26.72 million in positive flows on the day.

However, market participants are worried about the structural differences between ETF demand and spot exchange trading, pondering why it hasn’t positively impacted the token’s price.

According to one XRP enthusiast writing on X, an uptick in ETF volumes could result in more tokens being locked inside fund managers’ custody accounts. This would reduce XRP availability on exchanges, limit bot-driven trading activity, and lower overall liquidity.

They warned that the reduced float could increase the risk of short-term volatility because a few entities will be able to manipulate the price.

The same commentator suggested that over time, trading bots and manipulators may incur losses that cannot be recovered and eventually migrate to more liquid, high-volume tokens traded on crypto exchanges.

“I think the arbitrage bots between ETF and crypto listed XRP are not implemented yet, at least in volume. Once this happens, we will have price stability and huge volumes on ETFs. Then institutions will see it as a more stable trade and get in. This snowballing the whole thing. Crypto exchanges are already dead, they are just dead in slow motion, a bit like a Peter Sellers movie,” he said.

XRP trading below $2 amid ETF excitement

In the face of a fund inflow streak, XRP’s price chart is showing a weak technical structure that has been persistent for the last 3 months, taking the coin down by about 38%. At the time of this reporting, XRP is trading within a steep descending channel, pushing prices below the $1.90 level.

The fourth-largest coin by market cap has been in a consistent pattern of lower highs and lower lows since peaking at $3.65 in July, and momentum indicators have not given bulls any relief to hold on to. Both the 100-day and 200-day moving averages continue to slope downward and sit well above the current market price, clustered near the $2.50 region. 

CryptoQuant’s Binance XRP Taker Buy Volume, the index that tracks aggressive buy orders in futures markets, has tanked by over $5 billion in the second half of 2025. After peaking above $5.8 billion in July, taker buy volume has fallen to roughly $250 million, a decline of approximately 95.7%. 

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