#What Are the Key Developments in XRP ETFs?
The launch of XRP spot exchange-traded funds has been marked by an impressive trend of daily inflows, accumulating significant assets in a short time. As of now, the total value of assets under management in XRP ETFs has reached $1.2 billion, showcasing robust investor interest. This growth follows their market debut, where the influx of capital has been consistently positive.
Among these ETFs, Canary’s XRP ETF stands out with $335 million in assets under management. Following this are 21shares and Grayscale, which boast over $250 million and $220 million, respectively. Other notable competitors include funds managed by Bitwise and Franklin Templeton. Across the board, these funds have collectively attracted $1 billion in net inflows, with 21shares leading the latest round, drawing approximately $7 million.
#Why is XRP Underperforming Compared to Bitcoin?
Despite the strong launch performance of XRP ETFs, the price of XRP itself has not mirrored the rally seen in Bitcoin following its ETF introductions. Currently, XRP is trading around $1.9, which represents a 9% decline over the past month. This underperformance could be attributed to ongoing market volatility impacting broader cryptocurrency valuations.
#What Does the Future Hold for XRP?
Looking ahead, analysts have raised concerns regarding a potential cooling phase in the crypto markets that could materialize in 2026. This forecast may exert additional downward pressure on XRP and similar assets. Furthermore, Markus Thielen, founder of 10x Research, opines that most non-Bitcoin crypto ETFs may struggle to maintain long-term viability, primarily due to the stronger institutional focus on Bitcoin.