Spot XRP ETFs record 30th straight day of net inflows - Coinfea

Spot XRP exchange-traded funds (ETFs) have recorded 30 consecutive days of net inflows dating back to their market debut. This feat comes despite price weakness, and bearish derivatives data continue to weigh on the token itself.

ContentsXRP ETFs record gains as Bitcoin and Ethereum funds bleedInvestors question the lack of a positive impact of ETF on tokensThe inflow streak began when Canary Capital launched its XRPC on November 13. It hit its 30th day on Tuesday, one of the strongest sustained demand runs seen among newly launched crypto ETFs in the US market. The products crossed a capital threshold, jumping to $1.18 billion, after counting $8.54 million inflows during the day’s trading hours. “30 straight days of net inflows for XRP Spot ETFs,” Ripple CEO Brad Garlinghouse said on X.

XRP ETFs record gains as Bitcoin and Ethereum funds bleed

While XRP ETF proponents are in a celebratory mood weeks before Christmas, Bitcoin and Ethereum funds have registered two and four consecutive days of outflows, respectively. According to figures from Farside Investors and SoSoValue, US spot Ethereum ETFs saw a combined $224.9 million in net outflows yesterday. The largest share of those redemptions came from BlackRock’s iShares Ethereum Trust.

BlackRock shed roughly $221 million in a single session, while Grayscale’s Ethereum Trust also experienced $2.9 million outflows, contributing to the broader exodus from ETH-linked products. According to data from SoSoValue, Bitcoin ETF BlackRock’s iShares Bitcoin Trust recorded net outflows of $210.68 million, the largest single-day withdrawal among US spot Bitcoin funds.

Grayscale’s Bitcoin Trust also had zero net flows, while its Bitcoin Mini Trust saw $7.37 million in net outflows. Bitwise’s Bitcoin ETF recorded $50.93 million leaving the fund, Ark and 21Shares’ ARKB lost $16.87 million, and VanEck’s HODL ETF posted $17.96 million in net outflows. Fidelity’s Wise Origin Bitcoin Fund was the only exception, posting $26.72 million in positive flows on the day.

Investors question the lack of a positive impact of ETF on tokens

Market participants are worried about the structural differences between ETF demand and spot exchange trading, questioning why it has yet to positively impact the token’s price. According to one XRP enthusiast on X, an uptick in ETF volumes could result in more tokens being locked inside fund managers’ custody accounts.

The analyst noted that it would reduce XRP availability on exchanges, limit bot-driven trading activity, and lower overall liquidity. They warned that the reduced float could increase the risk of short-term volatility because a few entities will be able to manipulate the price. The same commentator suggested that over time, trading bots and manipulators may incur losses that cannot be recovered and eventually migrate to more liquid, high-volume tokens traded on crypto exchanges.

“I think the arbitrage bots between ETF and crypto listed XRP are not implemented yet, at least in volume. Once this happens, we will have price stability and huge volumes on ETFs. Then institutions will see it as a more stable trade and get in. This snowballing the whole thing. Crypto exchanges are already dead, they are just dead in slow motion, a bit like a Peter Sellers movie,” he said.