XRP ETFs Soar Amid Diverging Institutional Demand
XRP ETFs saw significant inflows on September 8, bucking the trend of outflows in Bitcoin and Ethereum funds.
According to data from SoSoValue, XRP ETFs attracted $1.55 million in net inflows, making it the largest daily inflow among 12 spot crypto ETF categories that day.
Hedera (HBAR) products were the only other group to record positive flows, with $431,180 coming into its funds.
This divergence in institutional demand comes as Bitcoin and Ethereum funds recorded outflows, marking the first time since July 9 that these funds have seen outflows on the same day.