XRP ETFs attract $8.88M inflows as bitcoin, ether funds see outflows
XRP-linked ETFs posted $8.88 million in net inflows, extending a weekly streak to $42 million, while bitcoin and ether funds continued to bleed capital, signaling a potential rotation into the altcoin.
XRP held near $1.37 by midday Hong Kong time on Thursday, with fresh ETF and on-chain data suggesting some investors may be rotating into XRP. Meanwhile, market leader bitcoin hovered around $77,400 and ether remained under pressure.
CoinGlass data shows XRP-linked funds pulled in $8.88 million in the latest session, extending a streak of positive flows that includes $18.52 million on May 14 and $10.87 million on May 15. Across the past week, XRP products have attracted roughly $42 million in net inflows. This has caught analysts' attention because money has been leaving the largest listed crypto products. Bitcoin ETFs lost another significant amount, while ether funds also saw outflows, indicating a shift in investor sentiment toward altcoins.
For cryptocurrency traders, the divergence in ETF flows highlights a potential rotation away from bitcoin and ether into XRP, which could signal changing market dynamics. The sustained inflows into XRP products suggest growing institutional interest, possibly driven by positive developments in the XRP ecosystem or a search for higher returns. NowPrice's real-time crypto quotes show XRP's current price action, allowing traders to monitor the trend closely. Looking ahead, traders will watch for continued ETF flow data and any regulatory news that could impact XRP's momentum, as well as broader market sentiment indicators like bitcoin dominance and exchange reserves.