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

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

Kronos Research Chief Investment Officer Vincent Liu stated that the Spot XRP ETF's asset size surpassing $1 billion reflects growing interest from institutional investors 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 inflow to $711 million. On the other hand, the Spot Bitcoin ETF experienced 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 saw 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 uncertainties, year-end liquidity tightening, and deleveraging were driving funds towards relatively "safe" assets.