Spot XRP ETFs maintain 29-day inflow streak despite turbulent December

US-listed XRP ETFs continued to draw steady inflows through December, even as Bitcoin and Ether funds posted sharp monthly outflows.

Spot XRP exchange-traded funds (ETFs) in the United States continued to attract capital through December, extending their inflow streak to 29 consecutive days despite choppy market conditions.

According to data from SoSoValue, spot XRP (XRP) ETFs recorded $8.44 million in net inflows on Monday, pushing cumulative inflows to $1.15 billion since they launched. Total net assets stood at about $1.24 billion, even as XRP prices and broader crypto markets faced selling pressure during the month.

“XRP inflows are a function of regulatory clarity and steady accumulation into a less crowded trade, than BTC/ETH,” Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph, adding that XRP’s cross-border settlement use case “offers differentiated exposure that continues to attract longer-horizon capital.”

Read more

Read Entire Article


Add a comment