XRP ETF received inflows of $1 billion, far exceeding Bitcoin, with a significant increase in institutional adoption

According to DLnews, since its launch in November, the U.S. spot XRP ETF has seen cumulative inflows surpassing $1 billion, with no single day of net outflows, significantly outperforming the $2.9 billion net outflow of Bitcoin ETFs during the same period.

Dori, Chief Investment Officer of Sygnum Bank, stated that this indicates an increasing adoption rate by institutions, and ETFs help to expand market access and improve market structure. Ripple CEO Garlinghouse emphasized that the XRP spot ETF has experienced net inflows for 30 consecutive days.

However, the influx of funds has not boosted the price of XRP, which is currently down 47% from its historical high of $3.65, with its market capitalization ranking overtaken by BNB, dropping to fifth place.
Multiple institutions are rushing into the XRP ETF market, with Canary Capital's first product attracting $250 million upon launch, and Vanguard, Grayscale, Bitwise, and others also launching related products, indicating a sustained increase in demand for XRP on Wall Street.