Grayscale's GXRP saw $67.4 million in net inflows while Franklin Templeton's XRPZ ETF attracted $62.6 million on their first day of trading via NYSE Arca.
XRP News
U.S. spot XRP exchange-traded funds attracted $164.04 million in net inflows on Monday as the broader crypto market recovered from recent losses. The strong performance came despite overall market sentiment remaining in fearful territory.
Grayscale's GXRP saw $67.4 million in net inflows while Franklin Templeton's XRPZ ETF attracted $62.6 million on their first day of trading via NYSE Arca. Canary Capital's XRPC and Bitwise's XRP funds brought in $16.4 million and $17.7 million, respectively.
Since launching on Nov. 13, pure spot XRP ETFs have registered cumulative net inflows of $586.8 million without witnessing any daily outflows. Total net assets across spot XRP ETF products reached $628.82 million at the time of writing.
Franklin Templeton Head of ETF Product and Capital Markets David Mann described XRP as a digital asset that plays a foundational role in global settlement infrastructure. However, BlackRock has sat out on XRP and other new crypto ETFs, seemingly preferring to focus on its dominant Bitcoin and Ethereum funds for now.
XRP gained approximately 8.6% on Monday and recently traded at $2.20. The performance outshined other crypto ETF categories, with spot Bitcoin ETFs recording net outflows of $151.1 million on the same day.
Spot Ethereum ETFs attracted net inflows of $96.6 million while spot Solana ETFs brought in $58 million on Monday. Solana ETFs extended their positive streak since debut to 20 days, totaling $568.3 million in cumulative inflows.
Czhang Lin, head of LBank Labs, said the inflows represent a combination of selective investor interest and risk management. Many investors are treating the current sell-off as an opportunity rather than a signal to exit.
CoinShares weekly report highlighted a key difference between altcoin performance, with Solana experiencing $156 million in outflows last week while XRP bucked the trend with $89 million in inflows. Lin explained that Solana has faced technical and network challenges recently, increasing perceived risk, while XRP benefits from both institutional interest and regulatory optimism.
Rachel Lin, CEO and Co-Founder of SynFutures, noted that in the current risk-off environment, assets with clearer and less speculative narratives tend to hold up better. The odds of a Federal Reserve rate cut shot up to around 70% over the weekend, potentially supporting crypto markets heading into year-end.
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