- US spot XRP exchange-traded funds attracted fresh capital on Thursday, October 8, even as Bitcoin and Ethereum ETFs recorded substantial withdrawals, highlighting a divergence in investor demand during a broader cryptocurrency market sell-off.
XRP ETFs recorded approximately $8.17 million in net inflows on October 8, while Bitcoin ETFs lost about $244.13 million and Ethereum ETFs saw $72.54 million in outflows, according to SoSoValue data.
The figures made XRP the only one of the four major spot cryptocurrency ETF categories tracked in that report to attract net inflows during the session. The latest results also came as Bitcoin and Ether ETF withdrawals approached $1 billion in October, reflecting weaker demand for the two largest cryptocurrencies through the first part of the month.
The divergence does not necessarily indicate a lasting shift away from Bitcoin and Ethereum. Daily fund flows can fluctuate considerably, and a single session is not enough to establish a sustained change in investor preferences.
XRP ETF Inflows Contrast With Bitcoin and Ethereum Withdrawals
Franklin Templeton's XRP ETF, trading under the ticker XRPZ, accounted for the entire $8.17 million net inflow on October 8, according to Benzinga's report. The other four XRP funds covered in the data recorded no net flows that day.
Bitcoin ETFs, by comparison, recorded approximately $244.13 million in net outflows, following withdrawals of about $484.9 million on Wednesday. Ethereum ETFs lost approximately $72.54 million on Thursday, extending their outflow streak to eight consecutive trading sessions.
Across the four trading days from October 5 through October 8, XRP ETFs attracted $11.31 million in net inflows. Bitcoin ETFs lost $702.24 million, while Ethereum ETFs recorded $485.96 million in withdrawals, according to the same SoSoValue figures.
The pattern comes as cryptocurrency markets face pressure from leveraged liquidations and macroeconomic uncertainty. Bitcoin fell to roughly $80,400 on Thursday before recovering, while the wider market experienced forced closures of leveraged positions.
XRP's positive ETF flows also follow a period of slower demand. US spot XRP ETFs recorded about $3.14 million in net inflows on October 6, while cumulative net inflows had reached approximately $1.79 billion by that session, according to TokenPost's XRP ETF data.
That cumulative figure measures the net capital entering the funds since launch, rather than the amount invested during the latest trading session. It also does not mean that the funds' total assets must rise each day, since market-price movements affect the value of their holdings.
The wider development is part of the expansion of regulated investment access to XRP. XRP ETF demand and institutional access have become an increasingly important part of the market narrative, although recent daily figures show that new inflows can vary significantly.
What the Diverging Crypto ETF Flows Mean for XRP
The latest numbers suggest that some investors continued adding exposure to XRP through exchange-traded funds while withdrawing capital from Bitcoin and Ethereum products. However, the data do not identify every investor's motivation or establish that money leaving one asset's funds moved directly into another.
XRP's positive flow also did not guarantee a price increase. Market prices are influenced by spot trading, liquidity, derivatives positioning, broader risk appetite and developments affecting each cryptocurrency. ETF demand is one factor among several.
Investors will be watching whether XRP funds continue to attract net inflows over the coming sessions. A longer period of positive flows would provide stronger evidence of sustained demand than a single day of buying.
For Bitcoin and Ethereum, the immediate focus is whether withdrawals moderate after several sessions of selling. Continued outflows could signal that investors remain cautious, while a return to net inflows would suggest demand is stabilizing.
The latest data also reinforce the need to distinguish between daily activity and longer-term trends. XRP ETFs have accumulated substantial net inflows since launching, but recent weekly totals have been modest compared with stronger periods earlier in September. Bitcoin and Ethereum, meanwhile, continue to account for the largest share of the crypto ETF market.
For now, XRP is showing relative resilience in fund-flow data rather than conclusive evidence of a broad market rotation. The next several trading sessions should help establish whether the divergence persists or reverses as cryptocurrency prices respond to macroeconomic developments and changing investor sentiment.