XRP ETFs Pull in $1.2B as Bitcoin, Ethereum Funds Cool

Core Insights - XRP spot ETFs in the U.S. have accumulated approximately $1.2 billion in assets within a few weeks, despite a decline in crypto prices and reduced enthusiasm for Bitcoin and Ethereum ETFs [1][3] - The consistent inflow into XRP ETFs indicates a strategic investment approach by institutions, contrasting with the volatility seen in Bitcoin and Ethereum ETFs [4][7] Group 1: ETF Performance - U.S. spot XRP ETFs from issuers like Bitwise, Grayscale, Franklin Templeton, and Canary Capital have collectively surpassed around $1.2 billion in assets under management by mid-month [3] - XRP ETFs experienced 21–30 consecutive days of net inflows, while Bitcoin and Ethereum ETFs faced outflows during the same period [4] Group 2: Market Dynamics - Despite the influx of $1.2 billion into XRP ETFs, the price of XRP has remained relatively stable, as Authorized Participants hedge by shorting XRP futures on the CME [5] - The executives behind XRP ETFs describe them as taking a "third path," distinguishing them from the narratives surrounding Bitcoin and Ethereum ETFs [6] Group 3: Institutional Interest - The demand for XRP ETFs in a down market suggests that institutions view XRP as a deliberate allocation decision rather than a speculative trade [7]