XRP Surges Ahead of Ethereum at October ETF Start

XRP has started the month of October on a strong note, with its ETFs attracting a significant influx of fresh capital on October 1. This comes after their performance faltered at the end of September. According to data from SosoValue, XRP ETFs pulled in about $4.07 million in net inflows during trading on October 1, while Ethereum ETFs saw investors withdraw funds, resulting in a net outflow of $55.37 million.

This divergence highlights the difference in performance between XRP and Ethereum at the start of October. Despite XRP's strong showing, its ETFs attracted relatively low amounts of capital, with Franklin Templeton's XRP fund taking the lead with an inflow of about $4.06 million. Meanwhile, Bitwise saw a much lower inflow of $3.18 million.

The renewed interest in XRP is evident from the increased trading volume on October 1, which reached $25.87 million. This signals a possible shift in market sentiment towards XRP after its performance slowed down in the previous week.