As the price of XRP stubbornly hovers around the $2 mark, an unnoticed transformation is unfolding beneath the market’s surface. U.S.-listed XRP Spot Exchange-Traded Funds have reached an impressive milestone with 19 consecutive days of positive inflows, leading to a remarkable cumulative total of $974.50 million. This nearly $1 billion milestone, bolstered by the recent $20.17 million daily infusion, reflects a distinct and persistent trend of institutional accumulation. Examination of XRP ETF inflows based on SoSo vale data shows that on December 12th, a notable amount of the new capital was directed towards a specific set of institutional favorites.
Franklin’s ETF took center stage today, raking in $8.7 million in just one session, outpacing all competitors. Bitwise’s ETF followed closely, drawing in $7.85 million, while Canary’s ETF also garnered notable attention with $3.62 million in net inflows. The performance of these leading three suggests that investors are actively selecting issuers, influenced by elements like trust, liquidity, or cost. Importantly, even resources from significant entities like Grayscale and 21Shares, although showing unchanged flows for the day, demonstrate a remarkable consistency. Their substantial existing cumulative assets suggest that early inflows are steady and not rapidly withdrawing, demonstrating a dedication to long-term positioning.
This significant capital influx into Ripple ETFs stands in stark contrast to the varied performances of other prominent regulated crypto offerings. The Solana ETF attracted a modest $2.5 million in inflows, but the most notable comparison can be drawn with the Ethereum market. According to reports, the ETH fund experienced notable outflows amounting to $19.4 million on that particular day. Meanwhile, offerings linked to Dogecoin, such as those from Bitwise and Grayscale, have faced challenges in meeting the initial excitement of investors. Data indicates a troubling absence of new fund inflows observed from December 7th to 9th.
Additionally, the overall trading volume for these regulated products has plummeted significantly to just $159,000, a sharp drop from the more than $3.2 million recorded in late November. Despite the launch of 21Shares Spot XRP ETF expanding the regulated gateway, the XRP price remained stagnant around $2.03, reflecting an 18.66% decline over the last month. Ultimately, the data suggest that these continuous inflows are not meant to trigger an immediate, speculative price spike, but rather to establish a strong structural price foundation. Nearly $1 billion in inflows suggests that institutions are intensifying their accumulation efforts beneath the surface. The gap between rising regulated inflows and falling spot prices indicates that long-term capital is entering the market, while short-term selling is preventing an immediate impact on prices.