XRP ETFs attract inflows amid wallet surge. bitcoin, ether funds struggle.

XRP, the cryptocurrency, maintained its position near $1.37 by midday in Hong Kong on Thursday, as per CoinDesk market data. There are indications that some investors may be shifting their focus towards XRP, with new ETF and on-chain data supporting this trend. Meanwhile, Bitcoin was hovering around $77,400, while Ether (ETH) continued to face downward pressure.

According to CoinGlass data, XRP-linked funds attracted $8.88 million in the latest session. This marks a series of positive flows, following inflows of $18.52 million on May 14 and $10.87 million on May 15. In the past week alone, XRP products have garnered around $42 million in net inflows. This stands in contrast to Bitcoin ETFs, which saw outflows of $100.9 million in the latest session, along with significant redemptions in the preceding days. Ether products also experienced a decline, losing $32.6 million in the latest session.

The data reflects a growing interest in alternative crypto exposure, even as XRP’s overall network growth remains weaker compared to late 2025 levels. On the on-chain front, XRP witnessed the fourth-largest daily increase in wallet creation this year, adding 4,300 new wallets in a span of 24 hours, as reported by Blockchain analytics firm Santiment.

While fresh wallet creation often signifies new network participation, the broader Santiment chart suggests a note of caution. XRP’s network growth has been on a downward trend since late 2025, casting doubt on whether the recent spike in wallet creation signifies sustained adoption or just a temporary surge in speculative activity.

For traders, the key question revolves around whether XRP is witnessing the initial stages of a broader rotation trade or merely a short-term speculative move amid ongoing pressure in the wider crypto market. The dynamics of XRP’s performance will be closely monitored in the coming days to gauge the sustainability of this trend.