XRP ETFs Record $164M Inflows on First Trading Day

XRP News

U.S. spot XRP exchange-traded funds attracted $164.04 million in net inflows on Monday as the broader crypto market recovered from recent losses. The strong performance came despite overall market sentiment remaining in fearful territory.

Grayscale's GXRP saw $67.4 million in net inflows while Franklin Templeton's XRPZ ETF

$62.6 million on their first day of trading via NYSE Arca. Canary Capital's XRPC and Bitwise's XRP funds brought in $16.4 million and $17.7 million, respectively.

Since launching on Nov. 13, pure spot XRP ETFs have registered cumulative net inflows of $586.8 million without witnessing any daily outflows. Total net assets across spot XRP ETF products reached $628.82 million at the time of writing.

Franklin Templeton Head of ETF Product and Capital Markets David Mann described XRP as a digital asset that plays a foundational role in global settlement infrastructure. However, BlackRock has sat out on XRP and other new crypto ETFs, seemingly preferring to focus on its dominant Bitcoin and Ethereum funds for now.

gained approximately 8.6% on Monday and recently traded at $2.20. The performance outshined other crypto ETF categories, with spot

ETFs recording net outflows of $151.1 million on the same day.