Understanding the Latest XRP ETF Trends
Cryptocurrency exchange-traded funds (ETFs) continue to gain traction, with specific focus on XRP ETFs. Recent reports highlight significant inflows and market performance across various XRP ETFs, showcasing their growing influence in the investment landscape.
Key Takeaways: Cumulative Inflows and Performance
As of January 5, the total net inflow across all listed XRP ETFs reached an impressive $46.10 million, bringing cumulative market inflows to $1.23 billion and total net assets to $1.65 billion. These figures signify that XRP ETFs are effectively cementing their presence, occupying 1.17% of XRP’s global market cap.
Daily trading activity has also been noteworthy, with a combined $72.23 million in value traded and prices across all major XRP ETFs registering over 16.8% gains.
Performance Breakdown by Major XRP ETFs
Here’s a closer look at how some of the industry’s leading XRP ETFs performed:
- Bitwise XRP ETF: Recorded $16.61 million daily inflow, adding 7.16 million XRP with a closing price of $25.95 (+16.89%). Bitwise traded $23.06 million, moving 926.86K shares.
- Franklin XRPZ: Added $12.59 million, representing 5.43 million XRP. The ETF closed at $25.15 (+16.87%) and traded $27.98 million in value.
- 21Shares TOXR: Contributed $7.01 million daily inflow, adding 3.02 million XRP, with a price gain of 16.69% at $22.59.
- Grayscale GXRP: Achieved $9.89 million in inflows with 4.26 million XRP added. Its shares moved at $44.94 (+16.82%), generating $5.55 million in daily traded value.
- Canary XRPC: While reporting no daily net inflow, XRPC achieved a stellar 17.01% price increase with $15.31 million traded.
Why Consider XRP ETFs?
An XRP ETF offers investors exposure to the XRP market without directly managing cryptocurrencies. These products diversify portfolios, reduce risk, and offer a regulated framework for institutional and retail participation alike. With XRP accounting for 1.17% of its total market cap through ETFs, the prospects look promising for sustained growth and increased adoption in the coming months.
Recommended Product: Bitwise XRP ETF
Bitwise, a global leader in crypto-focused investment products, offers one of the top-performing XRP ETFs with consistent market inflows and robust trading activity. Explore the Bitwise XRP ETF to unlock diversified crypto portfolio opportunities.
