Last week (December 29 to January 2), XRP spot ETF delivered a solid performance—with a weekly net inflow of $43.16 million.

Where did this money go? Franklin XRP ETF(XRPZ) took the largest share, with a weekly net inflow of $21.76 million, pushing the total inflow past $252 million. Closely following is Bitwise XRP ETF(XRP), with a weekly inflow of $17.27 million, bringing its total accumulated inflow to $265 million. The simultaneous appearance of significant net inflows into the products of these two major asset management firms is a signal worth pondering.

Why is this important? We often focus only on sharp price surges or drops, but the flow of funds tells a different story. Continuous net inflows are not the same as single-day spikes—former usually indicates a gradual build-up of medium- to long-term positions, while the latter is often driven by short-term speculation fueled by emotions.

When mainstream institutional products like Franklin and Bitwise show strong net inflows simultaneously, what does it reflect? It indicates that institutional demand for XRP allocation is steadily accumulating. This is not just a fleeting trend but a more rational asset allocation behavior.

It is especially noteworthy that such steady capital inflows often occur before the market truly turns stronger—currently, the market is still in the emotional recovery stage, and institutions are quietly positioning themselves. Compared to short-term price fluctuations, these shifts in capital structure are often better indicators of medium-term direction.