XRP ETF Inflows Continue Amidst Broader Crypto Fund Weakness
XRP ETFs continue to attract investors, posting their second straight day of net inflows on September 9. According to SoSoValue data, the U.S.-listed XRP ETFs recorded approximately $12.29 million in net inflows during this session.
This marked a significant increase from the previous day's inflow of $1.55 million, which was also a positive day for XRP compared to other major spot crypto ETF categories. However, it's worth noting that Bitcoin ETFs saw outflows of $120 million on September 9, extending their losing streak.
The two-day lead for XRP is real, but it remains thin, with the inflow being roughly 10 times smaller than Bitcoin's same-day outflow. The concentration of demand for XRP came primarily through Bitwise and Grayscale ETFs, which could be worth tracking in future sessions.