U.S.-based spot XRP exchange-traded funds are surging, recording 13 consecutive days of net inflows and nearing the $1 billion mark in less than a month.
Summary
- XRP ETFs made a strong debut, following trends seen across other crypto ETFs.
- Investors are seemingly curious about diversifying beyond established crypto leaders.
- XRP ETFs appear poised to cross the $1 billion milestone imminently.
Since launching on Nov. 14, spot XRP ETFs have attracted steady investment, according to CoinDesk. These funds drew $50.27 million in net new capital on Wednesday alone.
That brings cumulative net inflows to $874.28 million, with a total trading volume of $31.53 million for the day, according to data from SoSo Value.
The ETF inflow streak positions XRP among the fastest-growing crypto-asset vehicles, highlighting growing liquidity and acceptance in traditional markets.
Why it matters
XRP’s strong debut follows trends seen across other crypto ETFs. Spot Solana ETFs have accumulated more than $600 million since their recent launch, despite occasional outflows.
Meanwhile, the far older spot Bitcoin and Ether ETFs continue to dominate, with BTC funds drawing nearly $58 billion and ETH vehicles $13 billion in total assets under management, according to Farside data.
The robust performance of XRP ETFs demonstrates that investors are willing to diversify beyond established crypto leaders, and may signal further interest in newer digital assets within traditional investment frameworks.
As inflows continue, XRP ETFs appear poised to cross the $1 billion milestone imminently, cementing their status as one of the fastest-growing crypto-asset instruments in U.S. markets.
Source: https://crypto.news/spot-xrp-etfs-near-1-billion-13-straight-days-inflows/
