XRP Leads Altcoin ETF Inflows as Investors Flock to Stronger Alternatives

The crypto market has witnessed a significant shift in investor sentiment, with XRP-linked funds experiencing steady inflows despite broader market weakness.

According to Steven McClurg, CEO of Canary Capital, the trend is attributed to growing confidence among both institutional and retail investors in XRP's utility and potential for growth.

The data shows that XRP captures about 50% of new capital entering crypto ETFs, significantly outpacing Solana and Hedera. The steady inflows into XRP funds are a stark contrast to the sustained redemptions experienced by Bitcoin and Ethereum ETFs over the past few months.

Notably, McClurg stressed that XRP ETFs have attracted fresh capital even during sharp market sell-offs, with only three negative flow days this month compared to nine outflows for Bitcoin ETFs. This divergence underscores XRP's relative strength in the market.