$XRP exchange-traded funds (ETFs) have continued to attract fresh capital, outpacing both Bitcoin and Ethereum for five consecutive weeks.
Despite an overwhelming blanket of bearish sentiment covering the broader cryptocurrency market, institutional demand for $XRP is growing at a slow and steady pace.
$XRP’s continued net flows
$XRP ETFs captured a weekly total net inflow of $10.68 million (as of the week ending June 12).
This brings the cumulative total net inflow to an impressive $1.44 billion.
During this period, the total value traded stood at $61.22 million, and the total net assets hovered at $978.86 million.
This steady performance follows the prior week of June 5, which saw a more modest $2.62 million in weekly net inflows.
The week of May 29 recorded $15.20 million in positive flows. This was preceded by $22.04 million in inflows during the week of May 22.
The local peak of this observed period occurred during the week of May 15. That week saw an impressive $60.50 million in net inflows.
Bitcoin suffers devastating losses
According to recent weekly ETF net flow data, $XRP stands alone as the only major digital asset in the green, registering an $11 million positive flow.
Conversely, Bitcoin ETFs are experiencing a devastating performance. The flagship cryptocurrency suffered a catastrophic weekly net outflow of $319 million.
Prominent funds (particularly BlackRock’s iShares Bitcoin Trust (IBIT) are taking a particularly tough hit.
Ethereum and Solana have not been immune to this broader market bleed, either. Ethereum ETFs recorded negative net flows of $15 million for the week, while Solana ETFs slipped by $4 million.
Another win for $XRP
In the meantime, the United States Securities and Exchange Commission (SEC) has just approved a critical rule change allowing T. Rowe Price’s new Active Crypto ETF to be listed and traded on the NYSE Arca.
The Ripple-linked token has made the cut as an eligible asset for the actively managed portfolio, sitting right alongside Bitcoin and Ethereum. This is yet another win for its institutional adoption narrative.