XRP ETF capital inflow approaches $1 billion, more than three times the Solana ETF during the same period

The market enthusiasm for XRP spot ETFs continues to rise, with the latest data showing fund inflows approaching $1 billion, far surpassing other mainstream crypto asset ETFs. According to SoSoValue data, since Canary Capital launched its first XRP ETF in November last year, the related products have attracted a total of $954 million in inflows, more than three times the Solana ETF ($293 million) during the same period.

At the same time, other crypto asset ETFs are experiencing fund outflows. Data from DefiLlama shows that Bitcoin ETFs have recently seen $2.5 billion in redemptions, and Ethereum ETFs have also seen $471 million in outflows. This contrast highlights XRP ETF’s ability to attract capital against the trend.

Hyunsu Jung, CEO of Hyperion DeFi, stated that ETFs are the core engine for driving capital flow, providing investors with a regulated trading channel, thereby driving “new price discovery” during market recovery. Jung pointed out that, amid a backdrop of the overall crypto market cap falling more than $1 trillion from October’s high, XRP ETFs have maintained net inflows for four consecutive weeks, indicating high confidence from institutional investors in the asset.

Currently, XRP is priced at $2.01, still 45% below its all-time high in July. Analysts believe that the continued attraction of ETFs may become a key trigger for future price rebounds.

The macro environment also favors ETFs. Jung emphasized that as central banks end quantitative tightening and cut interest rates, global liquidity will flow back into risk assets. The Fed’s latest 25 basis point rate cut further reinforces this trend.

When asked why Vanguard has not yet launched a crypto ETF, Jung responded that “it’s inevitable” since institutions like BlackRock and Fidelity are accelerating their digital asset product development, and global institutions’ acceptance of crypto assets is rapidly increasing.

Looking ahead, Jung expects the market to see more innovative ETFs, such as products linked to Hyperliquid’s HYPE token, potentially issued by firms like 21Shares or Bitwise. “Once approved, institutional demand will be very strong because Hyperliquid is one of the best-performing on-chain platforms.”

He added that as global awareness of on-chain infrastructure deepens, platforms like Hyperliquid and Polymarket are expected to become the next beneficiaries, further expanding the digital asset ecosystem.