XRP ETFs Attract Money While Bitcoin and Ether See Outflows
XRP products were the only clear inflow in the U.S. crypto ETF market on Tuesday, while Grayscale’s Bitcoin and Ether funds posted outflows.
Key Takeaways
- XRP ETFs pulled in nearly $2 million on Tuesday, while the rest of the U.S. crypto ETF market saw outflows.
- U.S. spot Bitcoin ETFs lost about $47 million, mostly because of $66 million in outflows from Grayscale's GBTC.
- Ether ETFs posted about $24 million in net outflows, while Bitcoin ETFs closed with $99.52 billion in net assets.
XRP ETFs pulled in nearly $2 million (€1.7 million) on Tuesday, while the rest of the U.S. crypto ETF market saw money flow out instead. According to SoSoValue, the XRP products were the only clear inflow of the day. The five funds together now stand at $1.69 billion (€1.5 billion) in cumulative inflows and $173 million (€149 million) over the past 30 days.
Grayscale Weighs on the Numbers
On the other side of the spectrum, Grayscale was once again at the center. U.S. spot Bitcoin ETFs lost about $47 million (€40.5 million), with GBTC alone accounting for $66 million (€56.8 million) in outflows. That was offset by about $41 million (€35.3 million) in inflows across BlackRock's IBIT, Bitwise's BITB, Ark and 21Shares' ARKB, and Morgan Stanley's MSBT combined.
The picture was mixed for Ether too. Grayscale's two products together lost $34 million (€29.3 million), while Fidelity's FETH saw another $10 million (€8.6 million) leave the fund. That brought the segment to about $24 million (€20.7 million) in net outflows. The other Ether funds saw no movement.
XRP Keeps Moving Separately
The numbers fit a pattern that has been visible for some time. Since launching in November 2025, XRP products have regularly seen inflows and had already reached more than $1 billion (€0.9 billion) in assets under management by December 2025, while Bitcoin and Ether ETFs saw outflows more often during the same period. In February 2026, that difference was visible too, with outflows from U.S. spot Bitcoin ETFs, slight inflows into spot Ether ETFs, and nearly $20 million (€17.2 million) in inflows into XRP-related products.
For European crypto followers, the main takeaway is that this shows how differently demand can play out by token within the same ETF channel. It also suggests that investors are not only looking at Bitcoin and Ether, but sometimes clearly choosing alternative tokens like XRP. That fits the broader shift in the market, where XRP inflows had already stood out earlier while Bitcoin ETFs were seeing outflows.
Bitcoin Falls Back Below $100 Billion (€86.1 Billion)
Total net assets in Bitcoin ETFs closed at $99.52 billion (€85.7 billion), once again below the $100 billion (€86.1 billion) mark that was crossed on September 3. The gap between GBTC and cheaper rivals remains visible here too. GBTC charges a 1.50% fee, compared with 0.25% for IBIT, and that price difference has played a role more than once this year in how the flows have been split.
Hyperliquid ETFs lost $13 million (€11.2 million) on Tuesday and Solana funds less than $1 million (€0.9 million). That made XRP the standout exception on an otherwise weak trading day for U.S. crypto ETFs.
