Ripple (XRP) ETFs continue to outperform BTC and ETH funds despite cooling inflows

Yet the positive effect on the price of the underlying asset is nowhere to be seen.

It’s been over 30 days since the first US-based spot XRP ETF with 100% exposure to the asset went live on Wall Street, and the numbers are quite staggering.

Although net inflows have decreased in recent days, the trend continues with only green days. Moreover, the XRP ETFs far outperform their counterparts BTC, ETH and SOL.

Streak continues

Canary Capital’s XRPC launched on November 13 and broke 2025 trading volume records with nearly $60 million, while daily net inflows exceeded $240 million. Four more XRP ETFs followed suit, and data from SoSoValue shows that cumulative net inflows increased to just over $1 billion within this time frame.

What is perhaps even more impressive is the fact that there has not been a single day of net outflows. While some days saw net inflows of less than $10 million, this trend continues more than a month after XRPC’s launch. This is something that neither the Bitcoin nor the Ethereum ETFs were able to do after their respective launches in January and July 2024.

Since November 13, spot Ethereum ETFs have lost nearly $1 billion. The total inflow was $13.57 billion at the time, but has fallen to $12.64 billion as of December 16. The situation with spot BTC funds is even more painful. They had net inflows of $60.21 billion as of the opening bell on November 13, but the amount fell to $57.27 billion after Wall Street’s close yesterday.

In other words, while the XRP ETFs have attracted $1 billion, the ETH products have lost almost the same amount, while the BTC funds have seen $3 billion evaporate.

However, XRP is still struggling

After analyzing the performance of the spot XRP ETFs in their first month, one can see a clear discrepancy between the inflows, which are high, and the movements of the underlying asset. Ripple’s cross-border token traded well above $2.50 on XRPC’s launch day.

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However, the price began to rapidly lose value in the following days, falling below $2.00 several times, including yesterday. Perhaps much of these losses can be attributed to the overall market crash, but also to whale behavior.

Ali Martinez recently updated that these crucial market participants had sold almost 1.2 billion tokens in the past four weeks. As such, XRP fell below the USD 1.92 support, opening the door for a possible crash to USD 1.00, the analyst warned.