XRP ETFs log $4.07M inflow as Ethereum ETFs shed $55.37M on October 1
In brief
- XRP ETFs took in about $4.07 million in net inflows on October 1, per SosoValue data.
- Ethereum ETFs posted a $55.37 million net outflow on the same day.
- Bitwise and Franklin Templeton drew inflows; Canary's XRP ETF saw a $3.18 million outflow.
- Ethereum spot ETF cumulative net inflows stood at $13.84 billion after the session.
Three XRP funds, two directions
XRP ETFs also logged $25.87 million in total trading volume on October 1. The net inflow wasn't spread evenly across issuers, though. Bitwise's XRP ETF attracted about $3.18 million and Franklin Templeton's about $4.06 million in new capital, according to U.Today's fund-level breakdown, while Canary's XRP ETF recorded a $3.18 million outflow that partly offset those gains.
Those per-fund figures add up to about $4.06 million (not the $4.07 million net total SosoValue reported), a small gap that's likely down to rounding.
The inflow itself is modest. U.Today described the capital pulled in by XRP funds as pretty low in absolute terms, and it's coming off a soft patch: XRP ETF performance had fallen flat at the close of September after slowing in the week before.
Ethereum ETFs start October with an outflow
On the Ethereum side, the funds posted a net outflow of $55.37 million on October 1. Following that session, cumulative net inflows into Ethereum spot ETFs stood at $13.84 billion, per the same SosoValue data.
Reading the $59.44 million gap
So what does the headline comparison actually measure? It's the difference between XRP ETF net inflows and Ethereum ETF net outflows over a single trading day, as reported by U.Today using SosoValue figures. It isn't a price comparison, and it doesn't establish a longer trend for XRP or ETH.
It's one session of flow data.
The numbers show where capital went on October 1 (in for XRP funds, out for Ethereum funds), but they don't say why it moved, and we're not going to guess at investor motives the data can't support.
