XRP ETFs have seen a significant inflow of $35 million from May 20 to May 29, contrasting sharply with bitcoin and ether funds, which collectively lost around $2 billion during the same period. On May 29 alone, U.S.-listed spot XRP ETFs attracted nearly $11.88 million, marking a sustained trend of positive inflows while bitcoin and ether ETFs faced continued redemptions, with bitcoin experiencing its tenth consecutive day of outflows.
This divergence highlights a growing institutional interest in XRP, driven by its unique policy narrative and potential treasury vehicle demand, despite its price remaining stagnant in the low $1.30s. The total net assets in U.S. XRP ETFs now approach $1.12 billion, reflecting a more favorable sentiment compared to the cooling appetite for bitcoin and ether products, which have struggled to maintain investor confidence amid volatile market conditions.
Market professionals should note that XRP’s distinct narrative and the potential for treasury vehicle structures could position it as a more attractive investment in the current climate, especially as institutional demand evolves amidst broader market challenges for leading cryptocurrencies.
Source: coindesk.com