XRP ETFs Shine Amid Crypto Market Decline

The crypto market experienced another day of decline on Tuesday, September 8, as the total market capitalization fell by 0.33%, wiping out $8.88 billion in value.

Bitcoin led the decline with a 0.81% drop, and most other cryptocurrencies followed suit. However, XRP exchange-traded funds (ETFs) bucked this trend, attracting $1.55 million in inflows during the session.

This marked the only positive flows among crypto spot ETFs on Tuesday, while all others either recorded no flows or saw investors pull money out.

XRPZ, an XRP ETF by Franklin Templeton, accounted for all of this week's inflows into XRP ETFs. This new capital lifted its cumulative net inflows to $474.23 million, keeping it as the third-largest XRP ETF by total flows.