XRP ETF Attracts Attention Amid Market Recovery
As institutional interest grows and the crypto market sees signs of recovery, the U.S. Spot XRP exchange-traded fund (ETF) is making headlines. It has experienced over $200 million in positive net inflows for 13 days straight, outperforming the Solana (SOL) ETF, which recently faced its third day of outflows within a week.
XRP Fund Outshines Competitors
The Spot XRP ETFs have consistently recorded positive net inflows over the past 13 days, with a notable influx of $50.27 million on December 3. Since the launch of Canary Capital’s single-token XRP spot ETF, named XRPC, on November 13, it has shown impressive results, establishing itself in the rapidly growing altcoin market.
XRPC’s performance has surpassed initial expectations, debuting on the Nasdaq with $58 million and garnering around $357.54 million in net flows within just over a week. Last week, another series of XRP funds began operations, each of them pulling in over $60 million on their first day, marking it as the largest U.S. ETF launch for 2025.
Moreover, the XRP-focused category, led by Grayscale’s GXRP and Franklin Templeton’s XRPZ, has outperformed other significant ETFs, such as those based on Solana, Bitcoin (BTC), and Ether (ETH), in daily inflows.
This recent week’s market rebound saw the XRP ETF receive $89.65 million on Monday, followed by $67.7 million the next day, and another $50.27 million on Wednesday. This resulted in a cumulative total of $207.66 million in the first three days of December.
In comparison, the major competitors like the Bitcoin ETF and Ethereum ETF recorded $52.4 million and $51.3 million in net flows respectively during the same period.
The Spot XRP ETF has achieved total inflows of $874.28 million over the 13 days, significantly surpassing the SOL ETF’s total inflows of $618.62 million, which previously held the record among similar investment products.
Solana ETF Experiences Decline
While the XRP ETF gains traction, the demand for the Solana fund has stalled, experiencing significant outflows recently. December 3 marked the largest day of outflows, with the fund losing $32.9 million, marking the third consecutive negative net inflow since its launch on October 28, as indicated by SoSovalue data.
Despite drawing positive net inflows, Bitwise’s BSOL, Fidelity’s FSOL, and Grayscale’s GSOL couldn’t offset the $41.8 million in outflows from 21Shares’ TSOL, which recorded its fourth negative day in a week.
Interestingly, the Solana ETF had a standout performance in November, managing $613 million in inflows over 22 consecutive days of positivity, even amidst market fluctuations.
However, this impressive trend came to a halt last week when TSOL registered negative net flows for the first time, leading to an $8.1 million outflow that the category couldn’t absorb.
To start December, SOL-based investment products reported outflows of $13.5 million, followed by a rebound with $45.77 million on Tuesday. Still, on December 3, despite a general recovery in altcoin prices, the fund faced losses of $32.19 million, resulting in net flows during the week’s first half being a negative $700,000.
