XRP ETFs close in on $1bn inflows as investors drive ‘new price discovery’

Demand for XRP exchange-traded funds shows no signs of ebbing. Spot ETFs backed by the Ripple-linked crypto have attracted $954 million in investment since Canary Capital’s blockbuster November debut, SoSoValue data shows. That is triple the $293 million in Solana products over the same window. By contrast, Bitcoin ETFs saw $2.5 billion in selling, while Ethereum ETFs also bled $471 million, DefiLlama data shows. ETFs are “significant flow machines,” Hyunsu Jung, CEO of treasury firm Hyperion DeFi, to ...