XRP ETFs Extend Inflow Streak as Institutional Demand Holds Firm

XRP is the cryptocurrency used in Ripple’s cross-border payments network. U.S.-listed spot ETFs allow investors to gain exposure to its price without directly holding the token. Their fund flows are closely watched for signs that institutional investors may be rotating away from major assets such as bitcoin and ether into other cryptocurrencies.

By late May, U.S.-listed spot XRP ETFs had recorded about $35 million in cumulative net inflows, lifting their total assets to $1.12 billion. Over the same period, bitcoin and ether ETFs posted combined net outflows of about $2 billion, highlighting a marked divergence in fund flows.

XRP is the native asset of the Ripple ecosystem and the XRP Ledger. U.S. spot ETFs give investors price exposure without requiring them to hold the token directly. Flows into and out of five products from Franklin Templeton, Bitwise, Grayscale, Canary Capital and 21Shares have therefore become an important gauge of institutional demand.

On May 11, 2026, the five ETFs recorded combined net inflows of $25.8 million, the highest since $46 million was logged on January 5, bringing cumulative net inflows to $1.35 billion. The buying coincided with Ripple’s completion of $200 million in financing provided by Neuberger Specialty Finance and a Treasury tokenization settlement pilot with JPMorgan, Mastercard and Ondo Finance.

XRP is the core token of the Ripple ecosystem. U.S. spot XRP ETFs have attracted about $1.1 billion since launching in mid-November 2025, according to SoSoValue. Institutional allocations to XRP have persisted even as flows into Bitcoin ETFs weakened over the same period, pointing to capital rotation within the crypto market.

On February 25, 2026, XRP rose about 6% from $1.34 to $1.42, breaking above $1.40. Bitrue said spot buying volume increased 212% from February 23 to 24 and was more than twice the selling volume. As of April 29, SoSoValue put net ETF inflows for the month at $83.9 million.

U.S. spot Bitcoin ETFs allow investors to gain exposure to Bitcoin through regulated funds, and their flows are often viewed as an indicator of institutional demand. Flows weakened for a period after last October, but as market prices stabilize, traditional financial institutions’ allocations to crypto investment products are again drawing attention.

By the end of March, U.S. spot Bitcoin ETFs had recorded cumulative monthly net inflows of $1.56 billion, their first month of net inflows since last October. The latest holdings data also showed that Goldman Sachs had $152 million in XRP ETF exposure, making it one of the largest institutional holders.