The "impossibility" of XRP ETF continues: What does 30 days of no redemptions mean?

When Bitcoin and Ethereum ETFs experienced massive outflows at the beginning of the month, the XRP ETF quietly staged a “market entry wave” by institutional investors. According to the latest data, XRP is currently priced at $2.10, with a 7-day increase of 10.86%, forming a stark contrast to the ongoing market pressure it faces. More notably: where do these new positions come from, and what do they indicate?

Institutional Choice: Why XRP Instead of BTC?

Ripple CEO Brad Garlinghouse recently disclosed on social media that the US spot XRP ETF has achieved “30 consecutive days of net inflows.” This is not only a numerical achievement but also reveals a subtle shift in the overall crypto asset allocation.

According to tracking data from SoSoValue, last week marked a milestone for XRP ETFs—the total inflow first exceeded $1 billion. How fast is this? It has taken just 6 weeks since the launch of the first spot XRP ETF on November 13. The daily net inflow (reaching $10.89 million last Monday) may seem modest, but sustained participation from institutions like Canary, Grayscale, and Franklin Templeton forms a powerful collective of capital that cannot be ignored.

Meanwhile, a bigger story is unfolding: Bitcoin ETFs experienced the largest single-day redemption in nearly a month, totaling $357.7 million. Ethereum ETFs also fared poorly, with $224.8 million in outflows, reaching a new high since November 20.

Vincent Liu, Chief Investment Officer at Kronos Research, reflects the market consensus—this indicates a awakening among institutional investors to diversify beyond BTC and ETH. As regulatory frameworks become clearer and the narrative of XRP as a payment settlement layer deepens, institutions are executing precise reallocation strategies.

Why Are These 30 Days So Special?

What surprises analysts most is XRP ETF’s “zero redemption record.” From launch through mid-December, on every trading day, such products have not experienced a single-day net redemption—this is almost unique among all crypto ETFs.

In contrast, Bitcoin and Ethereum ETFs show typical “jumping” liquidity patterns, with redemptions triggered whenever macro uncertainties arise. This suggests a key difference: institutional attitudes toward XRP have shifted from “tactical trading tools” to “strategic allocations.”

In other words, investors no longer view XRP ETFs as short-term liquidity hedges but as structural positions. What does this imply? It indicates that decisions driven by asset fundamentals rather than macro sentiment are dominating capital flows.

The Market Is Reallocating Weights

The performance of Solana ETFs offers an interesting reference point. Since its launch in October, this product has accumulated $711.3 million, with a single-day inflow of $3.52 million last week. Although still much smaller than Bitcoin’s outflow of $357 million on that day, it also shows a continuous inflow trend similar to XRP.

Behind this is a broader macro trend: crypto asset allocation is evolving from “bipolarization” (BTC + ETH) toward “diversification.” Assets related to payments, settlement, and infrastructure are beginning to gain independent valuation logic. XRP, as a cross-border payment infrastructure, is perfectly aligned with this shift.

When Will Price Catch Up With Liquidity?

Currently, XRP’s price performance is lukewarm, but the flow data tells a different story. The 30-day continuous net inflow is not accidental but a concrete reflection of institutional confidence.

Industry insiders believe that this pattern of “flow leading, price lagging” often indicates what—once macro environments improve or project narratives are further validated, the price rebound tends to come quickly. The current price of $2.10 may just be waiting for that moment to arrive.

In this regard, the 30-day zero redemption record is not just a numerical achievement but could also be a market transition cycle precursor.