XRP ETFs Outperform Token Surge by 100%

A sharp price gap has emerged in the US stock market as spot XRP ETFs surge ahead of the token itself. The token, trading around $1.44 on spot exchanges, has seen an intraday gain of 7%, 8%, but shares of select regulated funds have risen by 16%, 17%. This divergence is likely linked to a local supply-and-demand distortion in US exchange order books.

Major funds from Bitwise (XRP: +8.47%) and Franklin Templeton (XRPZ: +8.36%) are moving in line with the spot market, but products with lower net assets have broken sharply away from it. Grayscale shares (XXRP) are up 17.10%, XRPT has gained 16.78%, and UXRP has risen 17.01%.

This surge in prices is taking place without any inflow of new capital, as the sector even closed the previous session in negative territory with net outflows of $7.20 million. This is not an influx of fresh capital but an aggressive internal repricing of ETF shares against a total daily trading volume of $27.22 million.