Exchange-traded funds (ETFs) for Bitcoin, Ethereum, and XRP have bounced back significantly, as global crypto ETPs attracted $1.07 billion in net inflows during the week ending November 28, 2025. This marks the first week of positive inflows since late October, breaking a four-week streak that saw $5.7 billion withdrawn from the market. The turnaround is largely credited to renewed optimism about possible interest rate reductions from the U.S. Federal Reserve and the introduction of new XRP-focused ETFs, which have garnered notable institutional investment.
XRP stood out as the top performer, with its ETPs achieving a record $289 million in weekly inflows and nearly $790 million in gains for the month so far. Analysts point to the approval of U.S. spot XRP ETFs, including the Grayscale XRP Trust ETF (GXRP), which started trading on November 24, as a key driver. Institutional investors are increasingly reallocating funds from Bitcoin and Ethereum into regulated XRP offerings, resulting in tighter supply and fueling expectations for a potential 65% price surge.
ETFs tracking Bitcoin and Ethereum also attracted inflows of $464 million and $309 million, respectively. However, both assets remain in negative territory for the month, with Bitcoin and Ethereum experiencing $2.8 billion and $1.4 billion in outflows, according to CoinShares data. The broader cryptocurrency market continues to face challenges, as Bitcoin briefly climbed above $90,000 before settling back to $86,000, and the sector as a whole lost $2 billion in market capitalization during the same period.
The influx of capital into crypto ETPs coincides with a sharp increase in expectations for a Federal Reserve rate cut in December, with prediction markets assigning an 84% chance. Comments from Fed officials, including FOMC member John Williams, have reinforced the perception that monetary policy remains tight, sparking speculation about potential easing. This has led to lower real yields, making riskier assets like cryptocurrencies more appealing. James Butterfill of CoinShares noted that anticipation of rate cuts has encouraged investors to return to digital asset products.
Market activity was further impacted by a CME Group data center outage on November 28, which temporarily suspended trading in major futures and options markets, highlighting vulnerabilities in centralized infrastructure. Additionally, the U.S. Thanksgiving holiday contributed to a drop in ETP trading volumes to $24 billion last week, down from a record $56 billion the week before.
Although crypto ETFs have rebounded, November has still been a difficult month for crypto funds, with total outflows reaching $3.2 billion. Nonetheless, shifting institutional strategies indicate a cautious sense of optimism. Fidelity’s Bitcoin ETF (FBTC) led the way with $230 million in inflows, while BlackRock and other major issuers also reported gains. On-chain analysis shows that XRP is increasingly being moved into long-term storage, suggesting a shrinking short-term supply and the potential for price stability.
The Federal Reserve’s upcoming decision in December is expected to be pivotal. A rate cut could reinforce the current positive momentum, while future guidance on monetary policy will influence investor attitudes. For now, the crypto sector appears to be adjusting, with the surge in XRP ETFs underscoring the market’s evolving regulatory and institutional environment.