The ETFs Battle: Where Does Ripple (XRP) Rank Versus? Bitcoin (BTC) and Ethereum (ETH)?

It’s been a few weeks since the first XRP ETF debuted in the US. Here’s how it goes.

Here’s how XRP compares to BTC and ETH in terms of inflows and price movements in the early weeks.

Bitcoin ETF Debut and Price Movements

After a decade of rejections and delays at best by the SEC, the US regulator has finally given the green light to some spot Bitcoin ETFs in early 2024. The launch date was set for January 10 and, somewhat predictably, the price of the underlying asset immediately plummeted in a classic sell-the-news event.

BTC had risen to $48,000 at the time, but quickly fell below $40,000. However, that short-term correction could not stop assets from rising in subsequent weeks. In fact, within two months, Bitcoin had hit a new all-time high, well above $73,000.

A significant portion of those gains came from the impressive ETF inflow numbers. Aside from Grayscale’s converted trust (GBTC), which was almost always in the red, most other BTC ETFs gained popularity, especially BlackRock’s IBIT. Just a few days before BTC’s ATH, cumulative net inflows across all ETFs skyrocketed above $1 billion (on March 12), undoubtedly benefiting the underlying asset.

Overall, Bitcoin ETFs had a very successful debut, which has continued since (largely) with cumulative net inflows of over $57 billion in less than two years. BTC is also trading at almost twice its price on ETF debut day.

ETH’s disappointment

Needless to say, ETH was also dumped after the release of the performance tracking ETFs. The debut day was July 23, 2024, and Ether rose from $3,600 to less than $2,200 in about two weeks.

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However, this wasn’t just a one-time sell-the-news event like BTC. The ETFs couldn’t pick up the pace for months as Grayscale withdrawals dwarfed small net inflows. In fact, Ethereum ETFs were only able to show impressive inflows at the end of the year. The price of ETH reflected this with a massive increase from under $2,500 to over $4,000 in December 2024.

Since then, the ETH ETFs have been largely stable and positive. However, the current price of the largest altcoin is below its valuation on July 23, 2024.

How Does XRP Compare?

The first XRP-based ETF with 100% exposure to the asset went live on November 13. Canary Capital’s XRPC broke the 2025 record for highest trading volume on day 1. Three more such financial instruments followed in the following weeks.

The total inflow is almost $900 million. There has not been a single day where net outflows have eclipsed net inflows, and this trend remains intact even if demand has slowed somewhat.

Still, the price of XRP has followed the general trend. The price fell from over $2.50 to less than $2.30 on November 13 and has failed to stage a notable recovery. Although the price recovered from the multi-month low of $1.83 reached on November 21, the stock is currently trading at $2.03, which is well below its debut day price.

Nevertheless, the XRP ETFs have outperformed their BTC and ETH counterparts since Canary Capital’s product debuted, which should be taken as a bullish sign for the underlying asset if inflows continue.