Surge in XRP ETF Inflows
After years of legal uncertainty, Ripple [XRP] has gained notable traction on Wall Street. Since their launch on November 13, five spot XRP ETFs offered by Canary, 21Shares, Grayscale, Bitwise, and Franklin Templeton have experienced strong demand.
SoSoValue data shows these funds recorded $1.13 billion in net inflows by December 23, bringing total assets to $1.125 billion. This steady accumulation distinguishes XRP ETFs from other crypto ETFs in the market.
Consistent ETF Performance
Unlike broader crypto markets, XRP spot ETFs have reported net inflows every single trading day since launch, creating an unbroken 33-day streak. During the same period, Bitcoin and Ethereum ETFs faced multiple sessions of notable outflows.
A significant contributor to this momentum is Franklin Templeton. The firm’s XRP spot ETF surpassed 100 million XRP in total holdings, reaching approximately 101.55 million XRP, valued at around $192.7 million as of December 22. This milestone signals strong institutional support despite Ripple’s past legal challenges.
Price Struggles Amid ETF Growth
Despite consistent ETF inflows, XRP’s market price has struggled to maintain upward momentum. At the time of writing, XRP traded at $1.84, down 1.68% in 24 hours and 10.55% over the past month.
Interestingly, traders point to a paradox highlighted by Santiment: extreme negative sentiment, or “FUD” (Fear, Uncertainty, and Doubt), has historically coincided with bullish potential for XRP. Santiment notes,
“XRP is seeing far more negative social media commentary than average. Historically, this setup leads to price rises. When retail has doubts about a coin’s ability to rise, the rise becomes significantly more likely.”
