Spot XRP ETFs surpass $1 billion in cumulative inflows since November launch

U.S. spot XRP exchange-traded funds surpassed $1 billion in cumulative inflows on Monday, marking a major milestone for altcoin ETFs.

The spot XRP ETFs saw $10.89 million in net inflows on Monday, with funds from Canary, Grayscale, and Franklin Templeton reporting inflows, according to SoSoValue data. This lifted their cumulative inflows to $1 billion since the first spot XRP ETF began trading on Nov. 13. 

"Spot XRP ETFs surpassing $1B in cumulative volume shows rising institutional appetite for regulated exposure beyond BTC and ETH," said Kronos Research CIO Vincent Liu. "Despite a cautious macro backdrop, the steady inflows suggest investors are positioning early around assets with improving regulatory clarity and differentiated narratives."

Spot Solana ETFs, with the first two launched in October, recorded $35.2 million in net inflows on Monday, bringing cumulative inflows to $711.3 million.

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Meanwhile, spot bitcoin ETFs reported $357.7 million in net outflows on Monday, marking their largest single-day outflow in nearly a month.

Fidelity's FBTC led the outflows with $230.1 million, followed by Bitwise BITB's outflows of $44.3 million. ETFs from Grayscale, Ark & 21Shares, and VanEck also saw net outflows. Monday's BTC ETF outflow was the largest since Nov. 20, when the ETFs saw $903.1 million exit.

Spot Ethereum ETFs also saw notable net outflows of $224.8 million on Monday, recording their largest daily outflow since Nov. 20.

Bitcoin fell sharply on Monday, dropping from an early high around $89,000 to trade near $85,500 later that day. The world's largest cryptocurrency later slightly recovered to $86,080 as of 3:20 a.m. ET Tuesday, according to The Block's price page.

Liu told The Block that bitcoin fell as traders rotated into safer assets amid renewed macro jitters. "The Fed cut barely moved the needle against a cautious outlook, and with leverage unwinding and year-end liquidity drying up, selling cascaded into a sharper drop," Liu said.