XRP ETF Nets $243M Inflows, Records $58M Debut Volume; BTC & ETH ETFs Suffer Outflows
Canary Capital’s spot XRP ETF (XRPC) made a high-profile debut on Nasdaq, attracting $243M in net inflows and setting a day-one trading volume record of $58M. The ETF outpaced Bloomberg’s $17M forecast in under an hour and led among over 900 crypto and traditional ETFs launched this year. In contrast, Bitcoin ETFs saw $492M of outflows over three days – largely from BlackRock’s IBIT – and Ethereum ETFs endured $177M of withdrawals, primarily from ETHA. The market slump pushed BTC below $100K and ETH under $3,360, while XRP traded at $2.27 and SOL at $142.43. Ripple also secured a $500M strategic investment at a $40B valuation. Traders should monitor the pronounced capital rotation into the XRP ETF and its potential impact on crypto ETF flows and digital asset price dynamics.
Bullish
The record inflows and trading volume into the spot XRP ETF indicate robust institutional demand and a shift of capital from BTC and ETH ETFs. In the short term, this influx is likely to drive XRP’s price higher as traders and institutions reposition portfolios. The ETF’s outperformance relative to forecasts and its capacity to attract significant assets in a weak market underscore growing market confidence. Over the long term, sustained institutional interest and strategic investments in Ripple strengthen the fundamental outlook for XRP, supporting continued price appreciation.