XRP ETF Inflows Beat the Trend as Bitcoin, Ethereum ETFs Lose $520M

XRP ETF demand returned just as investors pulled heavily from Bitcoin and Ethereum funds. On September 16, XRP ETFs recorded $3.5 million in net inflows, while Bitcoin and Ethereum ETFs lost about $520 million combined. 

This has created a sharp split in institutional crypto flows after the Fed’s latest rate hike.

XRP ETFs Attract $3.5 Million Inflow 

According to SoSoValue data, U.S. spot XRP ETFs saw around $3.5 million in net inflows on September 16. Franklin Templeton’s XRPZ led the inflows, adding $3.5013 million.

XRP ETFs recorded no net flow on September 15. The latest inflow takes total XRP ETF inflows to around $1.72 billion, while total assets under management are near $1.4 billion.

Despite the fresh ETF inflow, XRP’s price stayed near $1.30 and failed to make a strong move higher.

Bitcoin and Ethereum ETFs See Heavy Outflows

While XRP ETFs saw fresh money, Bitcoin ETFs faced heavy selling. U.S. spot Bitcoin ETFs recorded $295.98 million in net outflows on September 16. BlackRock’s IBIT saw the largest outflow at around $144.1 million, followed by ARKB and Fidelity’s FBTC.

On September 15, Bitcoin ETFs lost a combined $450.4 million, reversing the $159.9 million inflow seen the previous day.