XRP ETFs Attract $1.55M While Bitcoin, Ethereum Suffer Outflows

On September 8, XRP exchange-traded funds listed in the US pulled in $1.55 million, the top figure among 12 spot crypto fund categories. Hedera (HBAR) products were the only other group to see inflows, bringing in $431,180.

Four fund groups saw outflows, while six reported zero net movement. Bitcoin, Ethereum, and Solana products had not all experienced losses on the same day since July 9.

Bitcoin, Ethereum, and Solana Funds Fell in Unison for First Time Since July

Bitcoin funds had the largest outflow, losing $46.65 million. Ethereum products saw $24.29 million in outflows, while Solana funds recorded a smaller loss of $667,719.

That marked the first time in 41 trading sessions the three groups declined simultaneously. Hyperliquid (HYPE) funds dropped $12.96 million, wiping out the $10.52 million they gained on September 4.

The four categories represented the entirety of the outflows, totaling $84.56 million, based on SoSoValue data.

Franklin’s XRPZ fund accounted for the full $1.55 million entering XRP products. Funds from Bitwise, Canary, 21Shares, and Grayscale all registered no flows.

Avalanche (AVAX), BNB (BNB), Dogecoin (DOGE), Polkadot (DOGE), Chainlink (LINK), and Litecoin (LINK) funds all posted no inflows. Momentum had already faded from the altcoin groups the prior week.

Monthly totals appear gentler than the daily data. Bitcoin funds maintain a $723.5 million gain so far in September, and Ethereum products hold $106.43 million.

XRP funds have accumulated $14.86 million in September, exceeding Solana’s $4.58 million. Dogecoin and Hyperliquid are the lone groups posting net losses for the month.

The two categories that attracted inflows also topped price performance. Hedera rose 7.4% in the past week, XRP 7%, and Bitcoin 2.2%.

XRP traded around $1.44 on Tuesday, gaining 4.06% in the prior 24 hours. Hyperliquid climbed 3.3% to $86.77, and Solana increased 2.03%.