ChainCatcher News reports that since the launch of the US spot XRP ETF in November, cumulative inflows have exceeded $1 billion, with no single-day net outflows, performing far better than the Bitcoin ETF during the same period, which saw net outflows of $2.9 billion.
Dori, Chief Investment Officer of Sygnum Bank, stated that this indicates increasing institutional adoption, and ETFs help expand market access and improve market structure. Ripple CEO Garlinghouse emphasized that the XRP spot ETF has experienced 30 consecutive days of net capital inflows.
However, the influx of funds has not boosted XRP’s price, which is currently down 47% from the all-time high of $3.65, and its market cap ranking has fallen to fifth place, surpassed by BNB. Several institutions are rushing into the XRP ETF market, with Canary Capital’s first product attracting $250 million upon launch. Vanguard, Grayscale, Bitwise, and others have also launched related products, indicating that Wall Street’s demand for XRP continues to grow.
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