In the U.S. spot cryptocurrency exchange-traded fund (ETF) market, only XRP ETFs recorded net inflows, showing relative strength.

Decrypt reported on June 23 that XRP ETFs posted net inflows of $5.31 million in the U.S. market the previous day. Over the same period, bitcoin ETFs saw net outflows of $68.18 million and ether ETFs had net outflows of $66.04 million.

Solana, Dogecoin, Hyperliquid, BNB and Chainlink ETFs were flat, with no inflows or outflows. Among major crypto ETFs, XRP ETFs were the only products that actually saw money come in.

The size of the inflow is not large, but it drew attention because it came during a weak market. According to Sosovalue data, XRP ETFs pulled in about 4.68 million XRP worth $5.31 million, marking the biggest daily net inflow since June 9.

Recent flows have also been steady. XRP ETFs have held onto funds without a net outflow for 12 consecutive trading sessions since a $5.34 million net outflow on June 3. Daily inflows ranged from $1.19 million to $7.40 million, but they kept a positive trend even during a market correction. This contrasts with bitcoin and ether ETFs, which saw large fund outflows over the same period.

The latest inflow was effectively led by the Bitwise XRP ETF. The product attracted $5.31 million in a day, accounting for the entire net inflow across the XRP ETF market. Bitwise XRP ETF cumulative net inflows rose to $481.57 million and assets under management stood at $305.40 million. The Bitwise product has now become the biggest XRP ETF, surpassing Canary's XRPC.

Bitwise XRP ETF also recorded the entire $2.55 million net inflow for the XRP ETF market on June 18. Other XRP ETF products had no inflows or outflows at the time. Including the latest inflow, cumulative net inflows across the U.S. XRP ETF market total about $1.45 billion.

XRP ETFs have kept a relatively firm trend even as the broader market has been weak. On May 29, XRP ETFs logged the biggest inflow among crypto ETFs, while bitcoin and ether ETFs saw money leave.

The market is focusing less on whether there are large inflows and more on the fact that funds are being maintained without net outflows even in a weak market. XRP ETFs are among the few major crypto ETFs to sustain steady inflows, showing a distinct trend from bitcoin and ether ETFs.

If these inflows continue, they could be used as an indicator of institutional investors' preference for XRP.