Eseandre Mordi
⬤ XRP led the ETF inflow list moving ahead of Bitcoin besides Ethereum in the latest trading session. The digital asset received $164 million, while Bitcoin saw $151 million leave its funds. Ethereum took in $97 million or Solana added $58 million. The jump followed the start of two large XRP ETF products from Grayscale next to Franklin Templeton.
⬤ The new XRP ETFs provided most of the push. Grayscale's XRP ETF drew $67.4 million on day one besides Franklin Templeton's product collected $62.6 million. The two funds together supplied more than $130 million of XRP's total inflows giving the digital asset one of the strongest ETF openings in the crypto sector this year.
The side-by-side first day inflows show that institutions have turned their focus toward XRP while Bitcoin has faced large capital withdrawals.
⬤ The flow patterns point to a possible change in the way institutions spread capital among crypto assets. XRP's edge over Bitcoin or Ethereum arrives at a time when investor attention seems to widen beyond the two largest cryptocurrencies. The robust ETF launch shows that new products from major issuers can swiftly alter market mood and short-term capital movement in the sector.
Eseandre Mordi
