XRP ETFs Defy Market Downturn with $2M Inflows Amid US Crypto ETF Outflows
XRP exchange-traded funds (ETFs) bucked the trend in the US crypto ETF market, attracting nearly $2 million in fresh inflows on Tuesday. This is a significant departure from the rest of the market, where other assets such as bitcoin, ether, Hyperliquid, and solana products all experienced outflows.
The data, provided by SoSoValue, shows that XRP funds now hold a cumulative total of $1.69 billion in inflows since launch and have added $173 million over the past 30 days. This consistent performance sets XRP ETFs apart from other assets in the market.
BTC ETFs, on the other hand, lost about $47 million in net outflows, with Grayscale's GBTC accounting for $66 million in redemptions. However, BlackRock's IBIT and other lower-cost competitors managed to add roughly $41 million between them.