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XRP ETFs Cross $1.2B AUM as Bitcoin, Ethereum ETFs See Outflows
Spot XRP ETFs in the United States have recorded significant inflows, reaching $82 million over the past week. In contrast, Bitcoin and Ethereum ETFs experienced substantial outflows.
XRP ETFs Assets Under Management
- Spot XRP ETFs in the US surpassed $1.2 billion in total assets under management (AUM).
- Six weeks of continuous inflows indicate strong institutional interest, despite outflows in Bitcoin and Ethereum ETFs.
- Initial inflows are attributed to retail investors, followed by rising institutional demand from pension and insurance funds globally.
- XRP’s integration with familiar financial infrastructure makes it appealing to traditional investors.
Despite these positive inflows, XRP's price fell below $2.0 last week, reflecting broader market pressures.
Outflows in Bitcoin and Ethereum ETFs
- Bitcoin and Ethereum ETFs saw major outflows of $497 million and $644 million, respectively, amid macroeconomic factors like BoJ rate hikes.
- Solana ETFs also attracted $66.5 million in inflows, indicating a shift in institutional investment trends towards alternative altcoins.