As top crypto assets continue to show mixed price actions, it appears that institutional investors across the broad crypto market are gradually withdrawing their interest, causing momentum in the ETF market to fade.
While the broader crypto ETF market is seeing less participation from investors, the latest data from SosoValue shows that XRP has emerged as the only major cryptocurrency among Bitcoin, Ethereum, and Solana to attract fresh capital during the latest daily trading session.
XRP sees sustained demand
After a day of zero participation in the XRP ETF ecosystem, it appears that investor demand for the XRP investment product has returned.
Per the data, XRP ETFs recorded a modest $1.55 million in net inflows on September 8, while Bitcoin, Ethereum, and Solana ETFs all posted net outflows on the same day.
With XRP being the only asset that attracted fresh capital on that day, Bitcoin ETFs collectively recorded about $46.65 million in net outflows, while Ethereum and Solana ETFs saw $24.29 million and $667,720 in withdrawals on the same day.
Although XRP only saw a very modest capital flow into its funds, it has taken dominance over the ETF market, as it shows that investors are more interested in gaining exposure to XRP through regulated ETF products rather than other assets.
XRP reclaims $1.43
While XRP is back on a bullish trajectory, showing a modest price gain of around 3% over the last day, the sustained demand for its ETF product could further drive price appreciation for the asset.
As such, traders are increasingly becoming optimistic about a $2 breakout for XRP as momentum continues to build despite market instability.
U.Today Editorial Team
Dan Burgin
