XRP ETFs Keep Drawing Wall Street Money as Bitcoin, Ethereum Bleed

US-listed XRP ETFs saw $1.55 million in inflows on September 8, the largest among 12 spot crypto fund groups. Only Hedera (HBAR) products joined them, with $431,180.

Four groups lost money, and six recorded no flow at all. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) had not all fallen on the same day since July 9.

Bitcoin, Ethereum, and Solana Bled Together for the First Time Since July

BTC funds lost $46.65 million, the heaviest loss in the group. Ethereum products followed with $24.29 million. Solana products shed a slimmer $667,719.

Those three had not fallen together in the previous 41 sessions. Hyperliquid (HYPE) funds lost $12.96 million, erasing the $10.52 million they collected on September 4.

Those four accounted for every dollar that left, $84.56 million in total, according to SoSoValue records. 

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For XRP, Franklin’s XRPZ fund absorbed the entire $1.55 million inflow. The Bitwise, Canary, 21Shares, and Grayscale products all printed zeros.

The Avalanche (AVAX), BNB (BNB), Dogecoin (DOGE), Polkadot (DOGE), Chainlink (LINK), and Litecoin (LINK) funds all printed zeros. Momentum had already drained from the altcoin groups the previous week.

Monthly figures read softer than the daily numbers. Bitcoin funds still hold a $723.5 million gain for September, while Ethereum products sit on $106.43 million.

XRP funds have added $14.86 million this month, ahead of Solana at $4.58 million. Dogecoin and Hyperliquid are the only groups underwater for September.

The two groups that drew money also led the field on price. Hedera has gained 7.4% over seven days, XRP 7%, and Bitcoin 2.2%.

XRP changed hands near $1.44 on Tuesday, up 4.06% over 24 hours. Hyperliquid rose 3.3% to $86.77, while Solana added 2.03%.

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