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

Core Insights - Demand for XRP exchange-traded funds (ETFs) remains strong, with $954 million in investments since their debut, significantly outperforming Solana products and contrasting with losses in Bitcoin and Ethereum ETFs [1][3]. Group 1: XRP ETF Performance - XRP ETFs have experienced four consecutive weeks of positive inflows, indicating robust investor interest despite a broader stagnant crypto market [3]. - The current price of XRP is $2.01, which is 45% below its all-time high reached in July [3]. Group 2: Market Dynamics - The performance of crypto ETFs is influenced by macroeconomic factors, including central banks' monetary policies [4]. - The Federal Reserve recently cut interest rates by 0.25%, bringing the key lending rate to its lowest in three years, which may lead to increased liquidity in global markets [4]. Group 3: Future ETF Launches - Anticipation exists for new ETFs linked to other crypto tokens, such as HYPE, which could attract significant institutional demand [5]. - Unique on-chain products like Hyperliquid and Polymarket are expected to benefit from growing global adoption of digital infrastructure [5]. Group 4: Current Market Trends - Bitcoin has decreased by 2.8% in the past 24 hours, trading at $90,000, while Ethereum has fallen by 4.1%, trading at $3,180 [6].