XRP outpaces Bitcoin and Ethereum products on its way to $1 billion in ETF inflows

U.S. Spot XRP ETFs recorded $12.84 million in daily net inflows on Friday, December 5, their 13th consecutive day of growth. Franklin led the pack, adding $5.7 million to its holdings, followed by Bitwise’s $3.76 million. The remaining two funds, Grayscale and Canary, saw gains of $2.04 million and $1.34 million, respectively. With the latest additions, the overall cumulative inflows have climbed to $887.12 million, according to data Finbold reviewed on SoSoValue . XRP ETF flows. Source: SoSoValue The institutional demand for XRP becomes that much more obvious when we consider that the total inflows are hovering around $900 million just weeks after their mid-November debut, with more than 400 million tokens locked. If the pace continues, total net assets could reach $1 billion in about a week, which would potentially allow XRP to outpace most Bitcoin ( BTC ) and Ethereum ( ETH ) products over similar launch windows. XRP price crashes despite ETF inflows While institutional flows are in the green, XRP slid more than 3% on Friday, extending a two-month downturn that has so far erased over 30% from the asset’s value and sunk the price to $2.07 at the time of writing. XRP daily price. Source: Finbold Adding to the pressure, the past 24 hours have also seen nearly $8 million in XRP long positions liquidated just as the crowd sentiment turned sharply negative, with Fear, Uncertainty, and Doubt ( FUD ) readings plunging to their lowest levels in the past two months. The XRP technical picture has also weakened. Namely, the token is trading below all major short- and mid-term moving averages, while the relative strength index ( RSI ) sits at 44, signaling fading momentum. In short, retail panic appears to contrast sharply with institutional accumulation. Historically, however, such setups have preceded rallies of up to 20%, meaning that short-term price swings could mark the next few days. Featured image via Shutterstock The post XRP outpaces Bitcoin and Ethereum products on its way to $1 billion in ETF inflows appeared first on Finbold .