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XRP ETF Achieves 29-Day Inflow Streak Amid Price Decline
The United States spot XRP ETFs have maintained a 29-day streak of inflows, with a daily net inflow of $8.44 million as of December 29, pushing the cumulative total to $1.15 billion. This reflects institutional confidence despite market fluctuations.
- XRP funds saw a $478 million inflow in December alone.
- XRP's price has not matched this momentum, trading at $1.86 with a 0.82% dip and a market cap of $112.7 billion, ranking it fifth-largest in crypto.
- Vincent Liu of Kronos Research attributes XRP inflows to regulatory clarity and its unique cross-border settlement use case.
Expansion of Altcoin ETFs
- Bitwise filed an S-1 with the SEC for the first US spot ETF tracking SUI token, following previous moves on Bitcoin, Ethereum, Solana, and XRP ETFs.
- Canary Capital submitted an S-1 filing for a staked Injective ETF, potentially offering regulated exposure and staking rewards, pending approval.