XRP-focused exchange-traded funds (ETFs) witnessed a resurgence in capital inflows on the first trading day of October, recording a net inflow of $4.07 million. In stark contrast, Ethereum spot ETFs reported a substantial withdrawal of $55.37 million on the same day, illustrating a divergence in investment preferences.
Initial Trading Day Sees Distinct Fund Flow Divergence
The data indicates a marked separation in daily fund flows between the two assets, with a divergence of $59.44 million between XRP ETFs and Ethereum ETFs. This scenario suggests a shift in short-term investor preferences at the commencement of the month.
XRP ETFs reached a total trading volume of $25.87 million on that day, reflecting renewed investor interest after a period of stagnation. XRP is prominently used within the Ripple ecosystem for cross-border payment solutions.
XRP ETFs recorded a net inflow of $4.07 million on October 1, while Ethereum ETFs experienced a net outflow of $55.37 million.
Franklin Templeton Leads Inflows
In terms of individual funds, Franklin Templeton’s XRP ETF emerged as the top contributor with a fresh inflow of $4.06 million. Bitwise also attracted a significant $3.18 million net inflow. Conversely, Canary’s XRP ETF experienced an outflow of $3.18 million, partially offsetting the total inflow.
Despite the positive net position for XRP, the overall amount remains limited. While daily performance appears strong, it’s premature to conclude that investor interest has transformed into broad-based momentum.
Ethereum Withdrawals Persist
On the Ethereum side, the spot ETFs started the month weakly, with a net daily outflow reaching $55.37 million—signaling reduced risk by investors in these products. Nonetheless, the cumulative net inflow for Ethereum ETFs stands at $13.84 billion.
While daily flow data alone does not establish a permanent trend, the figures from October 1 reveal a compelling contrast between XRP and Ethereum funds. The rebound in XRP funds, notably after the prior week’s dormancy, has caught the market’s attention once again.
Franklin Templeton received a $4.06 million inflow, Bitwise $3.18 million; however, the $3.18 million outflow from Canary mitigated the total net flow.
