XRP ETFs Outperform as Inflows Exceed Bitcoin and Ethereum Funds

Despite market uncertainties, spot exchange-traded funds (ETFs) associated with XRP (the native token of Ripple) are experiencing substantial net inflows. Other crypto-focused funds have not been as fortunate, facing outflows this week.

XRP ETFs Take the Lead

The initial spot XRP ETFs debuted in the U.S. in mid-November, with Canary Capital’s XRPC breaking a trading record on its first day. Following it are Bitwise’s XRP, Grayscale’s GXRP, and Franklin Templeton’s XRPZ, but XRPC holds the top position with the highest total inflows.

On December 1, these ETFs secured $89.65 million, summing up to $756.26 million in total inflows since XRPC’s launch, making them the best performers in the cryptocurrency sector.

By comparison, Bitcoin ETFs only saw an inflow of $8.48 million, while Ethereum funds witnessed outflows exceeding $79 million. Additionally, the two spot DOGE ETFs reported no trading activity for the second day in a row.

Remarkably, XRP funds have not recorded any losses since November 13. The peak inflow day occurred on November 14, with $243.05 million in new capital.

But XRP Still Down?

Despite these impressive ETF inflows, XRP’s market performance has been lackluster, registering an 8% decline over the week, with values dipping below $2.00 recently. Although analysts are bullish on XRP, supporting its resilience at key price levels of $1.75 and $2.00, the token has struggled to maintain its bullish trend amid these market conditions.