First XRP ETF Debut
The first XRP exchange‑traded fund (ETF) debuted in the US on November 13, demonstrating strong inflows and outperforming the early performance of Bitcoin and Ethereum ETFs.
Bitcoin ETFs
Bitcoin ETFs launched in early 2024 after years of regulatory challenges. Although Bitcoin’s price initially dropped after the launch, it quickly rebounded, reaching a new all‑time high within two months. This success was driven by robust ETF inflows, with cumulative net inflows surpassing $1 billion by March 12. Overall, Bitcoin ETFs have attracted over $57 billion in cumulative net inflows in less than two years, and Bitcoin’s current price is nearly double its value on the debut day.
Ethereum ETFs
Ethereum ETFs began trading on July 23, 2024, but had a shaky start. The price of Ethereum fell sharply, and inflows were slow initially due to significant Grayscale withdrawals. However, by the end of the year, inflows increased, and Ethereum’s price surged. Despite this recovery, Ethereum’s current price remains below its debut day value.
XRP ETFs Performance
Since their launch on November 13, XRP ETFs have seen total inflows near $900 million, with no days of net outflows. However, the price of XRP has declined from over $2.50 to its current level of $2.03. Despite this price drop, XRP ETFs have outperformed Bitcoin and Ethereum ETFs in terms of inflows since their debut, which is a positive indicator for XRP’s future if inflows continue.
Conclusion
While XRP’s price has not yet reflected the success of its ETFs, the strong inflows are a promising sign for the asset’s potential.
