XRP ETFs Pull In $2M While Rivals Bleed Cash
Crypto funds lost money almost everywhere on Tuesday. XRP products didn't get the memo, pulling in fresh capital instead.
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Key takeaways
- XRP ETFs gained nearly $2 million in net inflows on Tuesday.
- Bitcoin, ether, solana, and hyperliquid funds all recorded net outflows.
- Grayscale products were entirely responsible for all bitcoin and ether fund exits.
Nearly $2 million. That was the magic number for XRP funds on Tuesday, pulling in fresh capital while every other major crypto ETF bled out during a market-wide slump.
It was a brutal split. Products tied to bitcoin, ether, solana, and hyperliquid all watched cash walk out the door over the 24-hour window. Investors dumped holdings across the board, leaving XRP as the lone survivor in green.
Blame a familiar suspect for the top-tier selloff. Grayscale's investment vehicles accounted for every last dollar of net outflows in both bitcoin and ether ETFs. Strip out Grayscale's redemptions, and neither asset class would've ended the day in the red.
Why it matters
If you're watching institutional sentiment, keep your eyes on splits like this. Bitcoin and ether keep getting dragged down by relentless Grayscale selling. Meanwhile, niche institutional appetite for XRP proves tough enough to post green days even when the rest of the market stumbles.
Source: CoinDesk
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