- XRP ETF leads daily inflows, surpassing Bitcoin and Ethereum.
- XRP’s spot ETF gains $118 million, outperforming Bitcoin, Ethereum ETFs.
- Investor interest surges in XRP, beating larger crypto ETFs today.
XRP’s spot ETF saw a substantial boost on November 20, recording a daily net inflow of $118.15 million according to Soso Value data, significantly outpacing Bitcoin and Ethereum’s ETFs. This marks a remarkable shift in the cryptocurrency ETF space, where XRP has managed to secure the highest daily inflow despite the larger dominance of Bitcoin and Ethereum in the market.
In comparison, Bitcoin’s spot ETF experienced a $903.11 million outflow, while Ethereum’s spot ETF saw a $261.59 million outflow. This indicates a stark contrast in investor behavior, with XRP attracting positive capital flow, unlike its larger counterparts.
Even though Bitcoin and Ethereum have far larger cumulative inflows $57.40 billion and $12.58 billion, respectively, their daily performance as of November 20 shows a different trend, with both assets seeing losses.
Source: sosovalue
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XRP ETF Leads Amid Market Shifts
XRP’s total net assets were reported at $385.05 million, making up approximately 0.32% of XRP’s market capitalization. While still small compared to Bitcoin’s $113.02 billion or Ethereum’s $17.43 billion, the $118.15 million inflow into XRP demonstrates a growing investor interest and suggests potential future growth in its ETF product.
This daily inflow surge also reflects broader trends in investor sentiment. XRP’s outperformance in terms of daily inflows signals a shift in focus towards altcoin ETFs, particularly when compared to Bitcoin and Ethereum’s outflows.
As the market adjusts, XRP’s ETF may continue to attract attention from both institutional investors and retail traders, offering a strong alternative to the major players in the crypto market.
While XRP’s total net assets are still a fraction of Bitcoin’s and Ethereum’s, the ETF’s strong daily inflow could represent an early sign of growing confidence in XRP’s market position. This surge is significant not just in the short term but could suggest a shift toward broader diversification within the cryptocurrency ETF landscape.
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