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XRP ETFs Lead with $874M Inflows, Solana Funds Face Outflows
XRP ETFs Lead with Strong Inflows
- US spot XRP ETFs have maintained a 13-day streak, accumulating over $200 million in positive net flows this week.
- The first single-token XRP spot ETF, XRPC, was launched by Canary Capital on November 13 and has achieved impressive inflows.
- XRP ETFs recorded $50.27 million in inflows on December 3, contributing to a cumulative $357.54 million in positive net flows over 13 days.
- Notable funds include Grayscale’s GXRP and Franklin Templeton’s XRPZ, with significant inflows surpassing other major ETFs like https://holder.io/coins/btc/, https://holder.io/coins/eth/, and Solana.
- XRP ETFs saw cumulative net inflows of $207.66 million during the first three days of December, outperforming Bitcoin ETFs' $52.4 million and Ethereum ETFs' $51.3 million within the same period.
- Total inflows for XRP ETFs reached $874.28 million in 13 days, exceeding Solana ETFs' $618.62 million.
Solana ETFs Experience Outflows
- Solana ETFs have experienced a slowdown, with $32.9 million in outflows on December 3, marking their third negative net flow day since October 28.
- 21Shares’ TSOL recorded $41.8 million in outflows, contributing to a fourth negative day over the past week.
- Despite a previous strong performance, Solana ETFs faced outflows of $8.1 million recently.
- The beginning of December saw Solana ETFs with an initial $13.5 million in outflows, followed by $45.77 million in inflows, ending with $32.19 million in outflows, resulting in a negative net flow of $700,000 for the first half of the week.
