The XRP spot ETF market showed a divergence trend yesterday. Based on daily data, Grayscale XRP ETF GXRP experienced significant outflows, with a single-day net outflow of $55.39 million, but this did not change its long-term accumulation — the total net inflow remains at $232 million. In contrast, Franklin XRP ETF XRPZ performed much more steadily, with a net inflow of $2.07 million yesterday, bringing the total net inflow to $290 million.

Overall, the XRP spot ETF had a total net outflow of $53.32 million yesterday, but this is only short-term fluctuation. More noteworthy is the underlying market fundamentals — as of the time of writing, the total net asset value of XRP spot ETFs has surpassed $1.34 billion, with a historical total net inflow of $1.22 billion. This indicates that, despite a net outflow on a single day, XRP ETF products remain attractive over time, and market sentiment towards mainstream cryptocurrencies like XRP remains relatively optimistic. The XRP net asset ratio is 1.16%, reflecting the product's proportion within the overall crypto market.