CF Benchmarks CEO: Ripple’s Popularity Helped XRP ETFs Surpass the $1 Billion Mark
Total assets under management of funds focused on Ripple have exceeded $10 billion, signaling growing demand and sustained investor interest in the asset. According to Sui Chung, CEO of CF Benchmarks, XRP remains one of the most recognizable cryptocurrencies, as it has been present in the market for a long time. This makes the coin familiar and easily understood by a broad range of market participants.
It was emphasized that the asset’s long-term performance has also been an important factor. Despite current volatility, Ripple’s price has risen by more than 400% since 2022. According to publicly available data, since November 14, spot Ripple ETFs have attracted more than $423 million in total inflows. As of now, operators of these funds manage $1.14 billion in assets. The largest share of capital is concentrated among major asset managers, which continue to systematically expand their range of crypto exchange-traded products.
At the same time, strong demand is also observed for funds linked to Solana. According to Chung, investors are increasingly recognizing the significant potential and practical utility of this cryptocurrency and are therefore more willing to allocate capital to it. It is also worth noting that daily activity metrics on the Solana network remain high, indicating the resilience of its infrastructure.
Funds associated with Solana and Ripple are undoubtedly showing strong performance. However, the ETF sector as a whole currently presents a mixed picture. As for Bitcoin funds, they have shown mixed flows over the past week.
Regarding Ethereum-related products, over the past five days they have recorded net outflows totaling $533 million. Many attribute this to investors preferring to maintain a cautious stance amid ongoing macroeconomic uncertainty.
See also: "Bitcoin Price Today: Steady Around $87K After Weak U.S. CPI Data"
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