The XRP exchange-traded fund (ETF), launched in November of last year, has surpassed $1.2 billion in cumulative net inflows in just two months since its launch, rapidly expanding its presence in the global cryptocurrency ETF market.
According to market data analytics firm SoSoValue, the XRP ETF recently saw a daily inflow of nearly $13 million, recovering most of the significant outflows it had previously experienced. This marks a new record-breaking cumulative inflow for the XRP ETF.
Since its launch, the XRP ETF has seen consistent fund inflows over a long period of time, demonstrating relatively rapid growth among cryptocurrency ETFs. Investor interest has been focused on the product, with major asset managers such as Canary Capital, Bitwise, Grayscale, Franklin Templeton, and 21Shares following suit.
A previous capital outflow raised concerns about a short-term decline in investor sentiment, but subsequent sustained capital inflows led to rapid stabilization in the market. Market experts believe the outflow was more of a temporary phenomenon within an overall market correction.
Currently, in the cryptocurrency ETF market, Bitcoin and Ethereum ETFs are recording the largest cumulative inflows, while the XRP ETF is being cited as one of the top ETFs based on cumulative inflows. Compared to some competing asset ETFs, it has shown a relatively rapid inflow rate, drawing market interest in future trends.
