XRP ETFs Soar as Ethereum Funds Drain $55 Million

XRP-based exchange-traded funds (ETFs) saw significant net inflows in October, while Ethereum ETFs experienced outflows.

According to recent data, XRP ETFs attracted a total of $4.07 million in net inflows on October 1, whereas Ethereum ETFs reported an outflow of $55.37 million during the same period.

The daily cash flow difference between the two types of ETFs reached $59.44 million, with XRP-based funds surpassing those invested in Ethereum.

Two major financial institutions, Franklin Templeton and Bitwise, contributed to the net inflows, with Franklin Templeton accounting for $4.06 million and Bitwise $3.18 million.