XRP ETF Inflows Surge to $7.44 Million Amidst Waning Interest in Bitcoin and Ethereum

XRP ETF products are witnessing significant growth as investors increase their exposure to Ripple's XRP. In contrast, Bitcoin and Ethereum funds are experiencing heavy outflows.

A recent report revealed that XRP ETFs saw $7.44 million in net inflows on June 9, bringing the total assets under management to $982.12 million.

The trend is concerning for large crypto hedge funds, which have experienced steady withdrawals. Bitcoin and Ethereum ETFs witnessed outflows of $77.44 million and $40.85 million, respectively.