XRP ETF, 'Zero' Capital Outflow for a Month... Unfazed by Bitcoin and Ethereum Outflows

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While XRP spot ETFs have seen no net outflow for an entire month, Bitcoin and Ethereum ETFs have suffered from capital flight, increasing signs that institutional funds are targeting XRP even amidst a bear market.

According to crypto media outlet Bitcoinist on May 26 (local time), the XRP ETF has not recorded a single net outflow this month, despite the decline in XRP price and the bear market trend. According to SoSoValue data, the net inflow for XRP ETFs this month is $116.74 million, and the cumulative net inflow since its launch last year is tallied at $1.41 billion.

The total net assets of XRP ETFs amount to $1.13 billion, which accounts for 1.36% of XRP's market capitalization. Although XRP dropped to around $1.31 last week, ETF funds did not exit, showing stronger performance than Bitcoin (BTC) ETFs and Ethereum (ETH) ETFs. According to SoSoValue, Bitcoin ETFs recorded a net outflow of $1 billion this month and outflows for 6 consecutive days, while Ethereum ETFs showed a net outflow of approximately $300 million and outflows for 10 consecutive days.

On-chain analytics platform Santiment stated that the crowd sentiment for XRP has also turned negative again. The ratio of positive to negative comments fell to 1.1 bullish comments for every 1 bearish comment. Santiment explained that in the past, such fear and skepticism have often acted as a contrarian signal for XRP's price.

Crypto commentator X Finance Bull assessed that institutions buying through XRP ETF products is not a reaction to weekly price movements but rather a positioning ahead of catalysts. The catalysts he presented include the US crypto market structure bill, Kevin Warsh's potential appointment as the new Fed chairman, the activation of DTCC tokenization in July, Ripple Prime's $200 million debt ceiling, and JPMorgan settlements based on the XRP Ledger.

X Finance Bull stated that the trend of funds flowing into XRP ETFs while exiting Bitcoin and Ethereum ETFs demonstrates which assets institutional capital trusts amidst a bear market. Bitcoinist reported that as Ripple continues its business expansion, XRP could be one of the main beneficiaries of the US crypto market structure bill, and increased tokenization activity on the XRP Ledger is also cited as another bullish factor.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*