XRP exchange-traded funds attracted $70 million in fresh investment during a week when broader crypto products hemorrhaged $446 million in outflows. Franklin Templeton’s recently launched XRP fund captured $28.6 million of the inflows.
Even as Bitcoin and Ethereum products faced sizable withdrawals overall, XRP-focused funds stood out as one of the few bright spots in the week. The inflows indicate selective investor interest in XRP despite the broader sector’s volatility. XRP exchange-traded funds attracted $70 million in fresh investment during a week when broader crypto products hemorrhaged $446 million in outflows. Franklin Templeton’s recently launched XRP fund captured $28.6 million of the inflows.
Even as Bitcoin and Ethereum products faced sizable withdrawals overall, XRP-focused funds stood out as one of the few bright spots in the week. The inflows indicate selective investor interest in XRP despite the broader sector’s volatility. The inflows reinforce selective XRP demand amidst market volatility, suggesting investors differentiate XRP’s prospects from broader crypto swings. Industry observers will be watching whether these inflows translate into sustained momentum for XRP ETFs.
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