The US Spot XRP ETF has seen cumulative net inflows surpass $1 billion since its launch in November.

BlockBeats News, December 16th: Since its launch in November, the US Spot XRP ETF has seen its cumulative net inflows surpass $1 billion, marking a significant milestone in the development of altcoin ETFs. Data shows that on Monday, the Spot XRP ETF saw a daily net inflow of $10.89 million, with inflows recorded in products from Canary, Grayscale, and Franklin Templeton.

Kronos Research Chief Investment Officer Vincent Liu stated that the Spot XRP ETF's asset size exceeding $1 billion reflects increasing institutional interest in assets outside of BTC and ETH that have regulatory clarity.

Meanwhile, the Spot Solana ETF saw a net inflow of $35.2 million on Monday, bringing its cumulative net inflows to $711 million. In contrast, the Spot Bitcoin ETF saw a net outflow of $358 million on the same day, marking the largest single-day outflow in nearly a month; the Spot Ethereum ETF also experienced a significant net outflow of $225 million.

In the market, Bitcoin briefly dropped from around $89,000 to near $85,500 on Monday. Analysts pointed out that macro uncertainty, year-end liquidity tightening, and deleveraging contributed to funds flowing into relatively "safer" assets temporarily.