XRP ETFs Take Market Share, Outperforming Other Crypto Tokens

Two new spot XRP ETFs launched on NYSE Arca last week saw significant investor interest exceeding $164 million in their debut day. This impressive initial performance puts XRP at the forefront of the burgeoning cryptocurrency ETF market, with Grayscale’s GXRP and Franklin Templeton’s XRPZ both attracting substantial investments exceeding $60 million. This surge in investment is attributed to a combination of factors, including rising XRP prices driven by a favorable regulatory environment. XRP’s impressive performance stands in contrast to other major crypto ETFs, which experienced net outflows.