U.S. spot XRP ETFs surpass BTC, ETH, and SOL funds in day-one performance, signaling rising institutional confidence in XRP’s settlement use-case
The launch of multiple U.S. spot XRP exchange-traded funds on NYSE Arca marked a standout moment for the crypto ETF market this week. New data shows that Grayscale and Franklin Templeton’s XRP products each crossed the $60 million mark in first-day inflows, setting a strong tone for institutional interest in XRP. Their early performance places them ahead of comparable Bitcoin, Ethereum, and Solana ETFs for the day, highlighting shifting dynamics in investor appetite.
XRP ETF Inflows Surge on Opening Day
Grayscale’s GXRP registered $67.4 million in net inflows after converting from its earlier closed-end trust. Franklin Templeton’s XRPZ followed closely with $62.6 million, reinforcing institutional demand for exposure to XRP’s payment-focused infrastructure.
Additional flows into Canary Capital’s XRPC and Bitwise’s XRP fund added to the momentum, bringing the total category inflows to $164.1 million on Monday. Since their launch on Nov. 13, spot XRP ETFs have accumulated $586.8 million in net inflows without a single day of outflows.
Industry observers note that such uninterrupted growth is unusual for new crypto ETFs and indicates solid confidence from asset managers and professional traders.
David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, emphasized XRP’s technological relevance in global payments, saying the asset “plays a foundational role in modern settlement infrastructure.”
XRP ETFs Outperform Major Crypto ETFs
While XRP products surged, the broader ETF landscape showed mixed performance:
- U.S. spot Bitcoin ETFs saw $151.1 million in net outflows
- Ethereum ETFs attracted $96.6 million in inflows
- Solana ETFs extended a 20-day positive run with $58 million in inflows, totaling $568.3 million since debut
The contrast placed XRP firmly at the top of the day’s inflow leaderboard.
XRP itself reacted positively in the market, gaining around 8.6% on Monday and trading near $2.20.
Dogecoin ETF Launch Highlights Market Shift
Grayscale also introduced the first U.S. spot DOGE ETF, though it recorded zero inflows on day one. Still, analysts described the launch as symbolic of a broader regulatory and market evolution.
The strong debut of U.S. spot XRP ETFs marks an important milestone in crypto finance. With robust early inflows, consistent demand, and growing institutional interest, XRP’s role within the regulated investment landscape appears to be strengthening — positioning it as one of the standout performers in the current ETF cycle.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.