XRP ETFs attract inflows as bitcoin and ether funds lose $2 billion over 10-day period
By
Shaurya Malwa
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
XRP-linked ETFs saw $11.88 million in net inflows on May 29, continuing a positive trend while bitcoin and ether ETFs experienced significant outflows. Spot bitcoin ETFs lost $125.31 million (10th straight day of redemptions), and ether funds lost $17.91 million. From May 20-29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined. Bitwise's XRP ETF led with $7.36 million in inflows.
Key quotes
· 3 pulledXRP funds are getting the bid that bitcoin and ether ETFs are missing.
U.S.-listed spot XRP ETFs posted $11.88 million in net inflows on May 29, extending a week of positive flows even as the larger bitcoin and ether ETF markets continued to lose capital.
Spot bitcoin ETFs recorded $125.31 million in net outflows on May 29, marking a 10th straight day of redemptions.
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