XRP exchange-traded funds have pulled in over $1 billion since they launched in November. Despite the inflows, XRP trades 37% below its July all-time high of $3.65.
That performance sharply outpaces Bitcoin ETFs, which saw $2.4 billion in outflows over the same period, and Ethereum ETFs, which bled $898 million, per data from DefiLlama. Following their launch in mid November, XRP ETFs — which have amassed $1.2 billion — have recorded inflows every day except for one, according to SoSoValue data.
Ripple has notched a number of recent business successes and an additive fund raise plus the new XRP ETFs are assisting as well, she said. XRP has the most to gain from the successful passage of the Clarity Act, which is looking likely, Katherine Dowling, president of the Bitcoin Standard Treasury Company previously told DL News.
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