XRP ETFs Record $1 Billion Inflows Alongside JPMorgan’s Ethereum Push

• JPMorgan used Ethereum and Solana in the same week, marking a clear shift toward public blockchains.
• A $100 million tokenized fund on Ethereum and a $50 million debt deal on Solana show a multi-chain strategy.
• XRP ETFs crossed $1 billion in inflows even as the token price stayed under pressure.

Institutional adoption in crypto often feels slow until a single week changes the narrative. That is exactly what happened as JPMorgan completed two major transactions on public blockchains within six days.

According to the recent report from Sentora, the bank, which remains the largest in the world by market value, has long favored private blockchain systems built for internal use. This week, that approach visibly changed.

On December 16, JPMorgan Asset Management launched its first tokenized money market fund on the Ethereum mainnet.

Source: Sentora

The My OnChain Net Yield Fund is seeded with $100 million from the bank and is available to qualified investors via the Morgan Money platform. It invests only in U.S. Treasuries and fully backed repos, with daily reinvestment.

The first thing to notice is that it will be applied to public Ethereum networks instead of the private networks run by JPMorgan. This puts them along with the BUIDL fund by BlackRock and supports the notion that real-world asset tokens require shared infrastructures.

Also Read: Solana Poised to Overtake Ethereum in Annual Revenue for First Time

Solana Deal Highlights Speed and Settlement

Only a few days earlier, on December 11, JPMorgan had assisted Galaxy Digital in issuing $50 million worth of commercial paper on the Solana blockchain.

The debt issuance was done by Galaxy Digital itself and structured by JPMorgan. It was purchased by Coinbase and Franklin Templeton. The transaction settled through delivery versus payment with USDC.

The digital assets team at JPMorgan stated that the speed and lag-free nature of Solana’s network made them opt for the same.

This is proof that public blockchains are also utilized for significant financial products, as Ethereum is recognized for holding deeper assets, and Solana for quick settlement times.

XRP ETFs Attract Capital Despite Weak Prices

As banks transformed infrastructure, the money flowing into the ETF markets contradicted this. According to SoSoValue statistics, the spot XRP ETF in the US had cumulative net inflows of over 1.18 billion by December 17.

Source: Sentora

The spot XRP ETFs in the US have had consecutive inflows of 30 days, which was unprecedented even in the early days of the Bitcoin ETF. Leading issuers of these ETFs are Canary Capital, Bitwise, Franklin Templeton, and Grayscale.

In the past week, there was steady investment in XRP ETFs during a period when Bitcoin ETFs, as well as Ethereum ETFs, witnessed erratic demand. Even on December 15, there were net inflows of over $20 million in XRP ETFs.

Also Read: XRP’s Shocking Wall Street Upgrade With CME Futures Launch