XRP ETFs Surpass Bitcoin and Ethereum in Capital Inflows – Internet Computer Records Price Surge

XRP ETFs with Unprecedented Success Streak

The spot XRP ETFs launched in November continue their success story, recording consistent net inflows since trading began. By the end of the week, inflows totaled approximately 1.07 billion US dollars according to data from SoSoValue ^[2]. This makes these products stronger performers during this period than comparable funds for Bitcoin, Ethereum, and Solana ^[2].

Since the trading launch of the first XRP ETF on November 13, none of the now five products has experienced net outflows ^[2]. The first to launch was the XRPC ETF from Canary Capital, which recorded a volume of nearly 60 million US dollars on its first trading day ^[2]. In the following weeks, additional products from Grayscale, Bitwise, Franklin Templeton, and 21Shares launched ^[2].

XRPC Remains Leading Product

XRPC from Canary Capital remains the largest product among XRP ETFs with cumulative net inflows of 384 million US dollars ^[2]. The remaining funds are also continuously attracting capital ^[2]. However, the momentum of daily inflows has weakened recently ^[2].

Stark Contrast to Bitcoin and Ethereum

Compared to other crypto ETFs, the XRP products continue to perform better ^[2]. Spot Bitcoin ETFs recorded nearly 500 million US dollars in net outflows over the past week ^[2]. Spot Ethereum ETFs have not reported a single day of inflows since mid-December ^[2]. Solana ETFs, despite a positive streak, have also been below the inflow levels of XRP funds recently ^[2].

Ripple Developments as Driver

The reason for the sustained interest lies in recent developments surrounding Ripple ^[2]. The company announced several partnerships this year, made regulatory progress, and settled its legal dispute with the US Securities and Exchange Commission (SEC) ^[2]. The price climbed to a new all-time high in July ^[2]. Since then, however, the "banker's coin" has lost ground. At currently 1.93 US dollars, the cryptocurrency has fallen by nearly 19 percent over the course of the year ^[2].

Internet Computer Records Price Surge

Parallel to the ETF developments, Internet Computer (ICP) is making a comeback with a strong price increase of around seven percent ^[1]. The movement is occurring in a relatively quiet news environment and appears to be less related to new project-specific announcements than to internal market dynamics, in which the market is increasingly showing technical recoveries for previously weaker-performing coins ^[1].

In early December, the DFINITY Foundation presented several developments intended to strengthen Internet Computer as an infrastructure platform ^[1]. These include progress in integrating AI applications, expanding interoperability, and improvements in identity solutions, data protection, and developer tools ^[1].

Short-term Outlook for ICP

Following the significant spike on December 20, the ICP price is currently in a consolidation phase ^[1]. Short-term market behavior currently suggests caution rather than new buying pressure ^[1]. As long as ICP holds above the zone around 3.00 US dollars, a continuation of the recovery is not ruled out ^[1]. A sustained breakout above the resistance range at 3.44 to 3.49 US dollars would open up additional upside potential for the price ^[1].