XRP ETF attracts $68 million in a single day, Grayscale and Franklin compete fiercely to buy in

[Chain News] There are new developments in the ETF market on December 2.

On the XRP spot ETF side, there was a single-day inflow of nearly $68 million, showing a very impressive performance. Grayscale’s GXRP alone took in $45.78 million, with its total size soaring to $170 million; Franklin’s XRPZ was also strong, bringing in $8.22 million in a single day and reaching a historical total inflow of $122 million. Currently, the total size of XRP spot ETFs stands at $845 million, accounting for 0.65% of XRP’s net assets.

Other altcoin ETFs are also making moves: Canary’s HBAR spot product absorbed $1.78 million, with its total size reaching $66.47 million, already accounting for 1.08% of HBAR’s market cap—a penetration rate that is not low. Grayscale’s DOGE ETF saw a modest inflow of $510,000, with a total net asset value of $6.58 million, still in the early stages. There hasn’t been much action on the LTC side, with funds staying put.

Looking at the data, the enthusiasm for XRP ETFs is clearly leading by a margin, with institutional capital continuing to flow in. The altcoin ETF sector is gradually taking shape, and the differentiation among various products is becoming increasingly apparent.