XRP stood out today as one of the few crypto ETF categories to attract fresh capital, with U.S.-listed XRP funds notching $3.5 million in net inflows. That came against the tide: Bitcoin and Ethereum ETFs saw a combined $520.09 million pulled out on the same day, marking a clear divergence in fund flows.

The operational detail is that all of that XRP inflow came through Franklin Templeton’s product, so this was not a broad-based move across XRP funds. On its own, $3.5 million is modest next to the scale of Bitcoin and Ethereum redemptions.

What the data shows, more narrowly, is a single-day exception: while capital left the biggest regulated crypto fund categories, XRP posted a small inflow.

The SEC’s conditional exemption for tokenized stock trading now sets the pace for which venues can go live in the U.S.