XRP News Today: XRP ETFs Extend Inflow Streak as Market Price Holds Steady Near $2

XRP News Today: XRP ETFs Extend Inflow Streak as Market Price Holds Steady Near $2

Spot XRP ETFs Near $1 Billion in Inflows, Signaling Rising Institutional Demand in the Crypto Market
Published on

Spot XRP exchange-traded funds added net buying while XRP still traded near the $2 level. SoSoValue data shows $20.1 million in net inflows on Friday, which extended the streak to 19 consecutive sessions. At the same time, Santiment data showed more bullish XRP talk across major crypto social platforms.

Spot XRP ETF Inflows Keep Rising

SoSoValue data showed the 19-day run pushed cumulative inflows to about $974.5 million. These figures put total assets under management near $1.18 billion. The inflow trend continued even as the XRP spot market stayed range-bound.

Daily flows also highlighted which issuers drew the most demand. Franklin’s XRP ETF (XRPZ) led Friday with about $8.7 million in net inflows. Bitwise followed with approximately $7.85 million, while Canary’s XRPC added close to $3.62 million. Grayscale and 21Shares reported flat flows that day, yet they kept sizable cumulative assets.

SoSoValue also indicates earlier spikes in the series, with November 14 as the strongest session, recording more than $243 million in net inflows. Other days saw far smaller additions, including a session with about $8 million. Those swings showed that demand can cluster around specific trading days.

XRP Price Near $2 as Social Sentiment Turns Positive

According to CoinMarketCap, XRP trades around $2.03 on Saturday. Over the past week, it traded between about $1.99 and $2.17. The narrow band kept attention on the $2 mark as a near-term reference point.

Santiment said the balance of comments shifted toward bullishness during the week. The firm cited the seventh-highest count of bullish XRP comments this year, based on its Sanbase analytics. Sanbase monitors discussion across Telegram, Discord, subreddits, and X. The data suggested rising retail engagement even without a clear price breakout.

Crypto ETF Flow Comparison Shows Mixed Positioning

Flows into other crypto-linked funds moved in different directions. SoSoValue showed a modest $2.5 million inflow for a Solana ETF on the same day. In contrast, Farside Investors reported $19.4 million of outflows from an Ethereum ETF. The move signaled weaker demand in that segment.

Activity in Dogecoin products also weakened in early December, based on SoSoValue figures. The platform showed no new inflows from December 7 through December 9, while trading volume fell to about $159,000. This reading stood well below the more than $3.2 million seen in late November. Within XRP, the ETF inflow streak continued even as separate market data showed an 18.66% monthly price drop.

Reports also showed XRP fund listings and company updates. 21Shares launched a spot XRP ETF under the ticker TOXR. On Friday, the US Office of the Comptroller of the Currency approved national trust bank charters for Ripple and Circle.

Also Read: XRP News Today: XRP Targets Breakout as Traders Watch Key Resistance Levels

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
logo
Analytics Insight: Latest AI, Crypto, Tech News & Analysis
www.analyticsinsight.net