Bloomberg analyst says XRP ETF inflows shattered expectations
Use apples-to-apples data, XRP ETF inflows are crushing the competition.
In a new video interview, Bloomberg senior ETF analyst James Seyffart just debunked the conventional metric for gauging the success of capital inflows into XRP ETFs.
In a true apples-to-apples comparison, XRP demand has shattered expectations.
Although many analysts have compared XRP ETFs to misleadingly identical inflows by dollar value to Solana ETFs – both are approximately $1.4 billion – in actual fact, half of Solana’s initial ETF inflows were simply dumped in from earlier, institutional holders who did not buy Solana at all after the ETF launched.
“We know for a fact,” Seyffart explained based on his Bloomberg reporting, that “about 50% of the money that went in at launch of [that] ETF was likely people who had Solana exposure and basically converted it into an ETF.”
XRP on the other hand, has less than 15% conversion from institutional holders, Seyffart explained.
70% less artificial inflows, yet the same dollar amount.
In other words, XRP ETFs accomplished the same amount of inflows as Solana ETFs despite Solana’s number being artificially boosted by 233%.
Market Context
The interview is enlightening to understand the true, insatiable demand for XRP by a decentralized community of long-term investors.
While other altcoins enjoy temporary subsidies by venture capitalists and short-term minded investors, XRP investors are steadily accumulating for the long haul.
“Adoption from Form 13F filers for the Solana ETFs was extremely high. We [at Bloomberg] know 50% of the holders as of the end of December, so the end of 2025, which is a very high number. We know for a fact some of the money that went in at launch of [that] ETF was likely people that had Solana exposure and basically converted it into an ETF. For XRP, on the other hand, we know less than 15% of those holders. So it’s a lot of retail that’s buying there.
“Both of them, despite massive pullbacks in their price — XRP and Solana — they’ve both taken in around $1.4 billion since their launch. And it looks pretty strong. There haven’t been a ton of outflows despite this absolutely abysmal performance from these assets. So they are even better diamond hands than the Bitcoin and Ethereum ETF holders.
“The flows into the XRP ETFs have mostly just been long-term investors, people who want an allocation to hang on.”
News
Interview with Bloomberg ETF analyst James Seyffart, “Crypto ETFs Could Unlock Trillions in New Capital” (YouTube)
BlockFills files Chapter 11 bankruptcy (Bloomberg)
Ethereum Foundation releases new mandate / manifesto (Ethereum.org)
Federal court rejects Custodia Bank’s final attempt to secure a Fed master account (CourtFiling)
SEC dismisses case against Bitclout founder (Sec.gov)
Australian Senate advances crypto exchange and tokenization licensing bill (Cointelegraph)
Potential $5M bribe uncovered in Milei Libra token promotion probe (Eldestapeweb)
World Liberty Financial offering White House access for $5M token lock up (Reuters)
MoonPay launches AI agent secured by Ledger signer (PRNewswire)
Investor Stanley Druckenmiller says stablecoins likely form backbone of global payments (YouTube)
Token2049 Dubai postponed until April 2027 (Bloomberg)
South African utility Eskom evaluates selling excess power to bitcoin miners (BitcoinMagazine)
Abra to go public through $750 million SPAC deal (Coindesk)
Metaplanet raises $255M to buy bitcoin (Coindesk)
Strategy buys 22,337 ($1.568B) bitcoin (Strategy)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
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