U.S. XRP ETFs draw inflows as bitcoin and ether funds post outflows
U.S. crypto exchange-traded funds are split on Tuesday as XRP-focused products attract fresh money while larger bitcoin and ether vehicles move lower. The divergence leaves bitcoin ETF net assets back below $100 billion after crossing that threshold on Sept. 3.
Highlights
- XRP ETFs attracted nearly $2 million in inflows Tuesday, making them the only U.S. crypto ETFs with significant new investment, totaling $1.69 billion in inflows to date.
- U.S. spot bitcoin ETFs saw net outflows of about $47 million—mainly due to Grayscale's GBTC losing $66 million, despite $41 million in combined inflows to low-fee rivals.
- Fee disparities, such as GBTC's 1.50% versus IBIT's 0.25%, continue to drive investor rotation and pushed bitcoin ETF net assets below $100 billion after briefly exceeding that threshold.
XRP demand contrasts with broader ETF withdrawals
As reported by CoinDesk, citing SoSoValue, XRP ETFs pull in nearly $2 million on Tuesday, marking the only meaningful inflow across the U.S. crypto ETF market. The five XRP products now hold $1.69 billion in cumulative inflows and $173 million over the past 30 days.U.S. spot bitcoin ETFs lose about $47 million overall. Grayscale's GBTC accounts for $66 million of redemptions, while BlackRock's IBIT, Bitwise's BITB, Ark and 21Shares' ARKB and Morgan Stanley's MSBT add roughly $41 million combined.
Ether funds follow a similar pattern. Grayscale's two ether products shed a combined $34 million, while Fidelity's FETH takes in $10 million, leaving the segment down about $24 million; every other ether fund records zero flows. Hyperliquid ETFs lose $13 million and solana funds less than $1 million.
Fee pressure shapes competitive landscape
Bitcoin ETF net assets close at $99.52 billion, falling back below the $100 billion mark reached on Sept. 3. The latest flow data suggest redemptions from higher-fee products continue to weigh on the broader market even when rival funds still attract money.GBTC charges 1.50%, compared with 0.25% for IBIT. That fee gap has driven the split throughout the year, and continued outflows from Grayscale may keep offsetting inflows into lower-cost competitors.
Fed rate-hike expectations ahead of the Sept. 16 FOMC meeting moved sharply after a stronger August jobs report, lifting the implied odds of a 25-basis-point increase. Our earlier article highlighted how upcoming PPI, CPI, and the University of Michigan sentiment survey could be the key inputs that sway policy expectations and drive bond yields—factors that often ripple through to risk assets, including crypto markets.
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