XRP ETFs opened October with renewed momentum, attracting notable net inflows amid lackluster recent performance, while Ethereum ETFs saw significant outflows. Data from SosoValue revealed contrasting trends between the two major assets as the new month began.
XRP ETFs record positive inflows
XRP, the cryptocurrency developed by Ripple Labs, saw its exchange-traded funds (ETFs) register a net inflow of $4.07 million during the daily trading session on October 1. This shift comes after a period of subdued performance toward the end of the previous month, suggesting a return of investor interest in XRP-related products.
Total trading volume for XRP ETFs reached $25.87 million on the same day, reinforcing signs of renewed activity in the asset. Market analysts have noted the recent uptick, interpreting it as a potential change in sentiment among investors.
XRP ETFs attracted $4.07 million in net inflows on October 1, while Ethereum ETFs recorded a net outflow of $55.37 million, according to SosoValue.
Despite the positive net inflow, the overall amount of capital directed into XRP ETFs remained low when compared to historical figures and industry benchmarks. Yet, compared with some of its peers, the performance represented a notable improvement.
Flows by ETF provider
Among the leading XRP ETF issuers, Franklin Templeton and Bitwise saw contrasting outcomes. Franklin Templeton took in approximately $4.06 million in fresh capital, while Bitwise followed closely with $3.18 million in new inflows. Conversely, Canary’s XRP ETF reported an outflow of $3.18 million, partially offsetting the gains made by its competitors.
Franklin Templeton is a global asset management firm known for its broad investment offerings, while Bitwise is recognized as a major provider of crypto-centric ETF and index products. Canary is a smaller player in the ETF ecosystem, focusing on digital asset funds.
Mini dictionary: Franklin Templeton, a leading global investment management firm, and Bitwise, a company specializing in cryptocurrency investment products, both offer exposure to digital assets via ETF structures. Canary is a boutique provider focused on digital asset funds.
| ETF Provider | XRP ETF Net Inflow / Outflow |
|---|---|
| Franklin Templeton | $4.06 million (inflow) |
| Bitwise | $3.18 million (inflow) |
| Canary | $3.18 million (outflow) |
Major outflows in Ethereum ETFs
While XRP ETFs posted positive figures, Ethereum ETFs experienced significant withdrawals on the same day. Investors pulled $55.37 million from Ethereum ETFs, resulting in a notable divergence between the two assets’ fund flows at the beginning of October.
The net outflow in Ethereum ETFs contrasted sharply with XRP’s gains, creating a $59.44 million difference in daily flows between the two. Nevertheless, despite the recent outflows, Ethereum’s cumulative net inflows remain robust, totaling $13.84 billion as of October 1.
The data shows a major divergence in flows between XRP and Ethereum ETFs, with XRP outperforming Ethereum by roughly $59.44 million on the first trading day of October.
