After Ethereum ETFs, altcoin ETFs were also launched. Among these altcoins are Solana (SOL) and XRP, while XRP ETFs achieved great success.
According to the data, XRP ETFs have seen net inflows for 30 consecutive days since their launch on November 13.
In this state, XRP created a completely different picture compared to the Bitcoin and Ethereum ETFs, which have experienced significant increases recently.
According to SoSoValue data, spot XRP ETFs have recorded net inflows for 30 consecutive days since their first trading days on November 13, with no trading session recording net outflows. At this point, approximately $975 million in net inflows occurred for XRP spot ETFs, while total net assets reached approximately $1.18 billion.
Experts argue that the continuous inflows since the launch of XRP ETFs starkly contrast with the established ETF models of Bitcoin and Ethereum.
Although XRP ETFs have shown consistent growth, XRP's price performance has remained relatively weak. According to data, XRP has experienced approximately a 15% decline in the last month. For XRP, which has been trading around $2, the rapid growth of XRP spot ETFs is seen as a signal of increasing medium- and long-term demand from institutional investors.
However, experts suggest that whether there will be a short-term price recovery continues to depend on the pace of additional inflows and overall market conditions.
Stay tuned for new developments
