Investors pour $243M into XRP ETF while BTC and ETH ETFs lose assets

The first U.S. spot XRP ETF received $243 million in net inflows following its debut on the Nasdaq exchange. The ETF saw a record $58 million in day-one trading volume despite the crypto industry’s recent market meltdown.

U.S. spot XRP exchange-traded fund saw $58 million in day-one trading volume and $245 million in net inflows. The activity secured the ETF’s top position among more than 900 ETFs launched in 2025. The Canary Capital ETF received regulatory greenlight on November 12th and listed on the Nasdaq exchange for trading activities.

XRP ETF receives $243 million in inflows on its first trading day

Data from the ETF tracking website SoSoValue shows that the XRP ETF, trading under the ticker symbol XRPC, did not record any inflows on November 13th but now has over $248 million in net assets under management.

Bloomberg ETF analyst Eric Balchunas initially projected $17 million for the ETF, but the fund cleared that in less than an hour into trading. XRPC’s performance surpasses that of Bitwise’s Solana ETF, which previously held the record at $57 million in opening-day volume.

Solana ETFs also ended the day with $12.04 million in net inflows. Bitwise’s Solana ETF BSOL saw all the inflows for the day, while Grayscale’s GSOL did not experience any flow of funds. The two Solana ETFs currently have $541.31 million in net assets under management and have not experienced any negative flows since their inception on October 28th.

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) saw significant outflows amid growing market turbulence. Bitcoin ETFs recorded negative flows worth $492.11 million. The outflows marked a 3-day streak of negative flows that extended from November 12th to 13th. The ETF’s outflows over the three trading days totaled more than $1.6 billion.

Investors withdrew the most from BlackRock’s iShares Bitcoin Trust (IBIT) compared to other ETFs. IBIT’s outflows peaked at $463.10 million at the end of the trading session. Grayscale’s GBTC saw the second-largest outflows worth $25.09 million, while Wisdom Tree came in third with $6.03 million in outflows. Fidelity’s FBTC recorded the least negative flows, worth $2.06 million.

Grayscale’s NYSE-listed BTC was the only ETF with positive flows, which cumulated to $4.17 million at the end of the trading session. Ark & 21Shares (ARKB), Bitwise (BITB), VanEck (HODL), Invesco (BTCO), Valkyrie (BRRR), Franklin (EZBC), and Hashdex (DEFI) did not experience any flows on Friday, according to SoSoValue.

Ethereum ETFs also suffered a decline as investors withdrew $177 million from them. BlackRock’s ETHA registered the most significant outflows worth $173.27 million, while Grayscale’s ETHE followed far behind with negative flows worth $4.63 million.

Bitcoin slides below $100k amid crypto market meltdown

The outflows coincide with the recent dip witnessed in Bitcoin and Ethereum prices. Data from CoinMarketCap shows that Bitcoin slipped below the $100k mark for the first time since June. At the time of this publication, the crypto asset is trading at $98,082, down 5.79% in the last seven days with a slight 1% dip in the last 24 hours. Ethereum also dipped below $3,360, a support that had been holding since August.

Solana and XRP are also down despite their ETF performances. XRP is currently trading at $2.27. The crypto asset is down 1.45% in the last 24 hours, bringing its seven-day shed to 1.70%. Solana is trading at $142.43 and has declined by 11.29% in the last seven days.

The news follows Ripple’s CEO, Brad Garlinghouse, announcing major investment reforms within the company. The CEO said that Ripple had secured a $500 million strategic investment from Fortress Investment Group and Citadel Securities at a valuation of $40 billion. He stated that the investment not only illuminates Ripple’s growth strategy but also offers a glimpse into the future of the cryptocurrency industry.