XRP spot ETFs quietly cross $1.5B in lifetime inflows

US spot $XRP ETFs have quietly crossed a significant milestone, surpassing $1.5 billion in cumulative net inflows, according to data from SoSoValue. Total assets across the funds have climbed back above $1 billion, representing approximately 1.48% of XRP's overall market capitalisation.

Steady, One-Directional Flows

What stands out is not the size of the flows but their consistency. Outflows have remained relatively modest, with even one of the largest weekly withdrawal periods this year seeing only around $7 million leave the funds. The category has recorded just one negative week since late May and has posted three consecutive green weeks heading into the end of July. Thursday's session added $5.98 million, split between @Bitwise and Franklin.

The products attracted capital quickly after launch, reaching $1 billion in cumulative inflows by mid-December 2025, less than a month after the first spot XRP ETF entered the market, with daily inflows regularly exceeding $20 million in that early period. The pace moderated after cumulative inflows climbed above $1.2 billion in early January 2026, when the ETFs recorded their first daily net outflow of $40.8 million. Since then, flows have been smaller but persistently positive.

Bitwise Leads, Canary and Franklin Follow

Among individual issuers, @Bitwise holds the top spot. The Bitwise XRP ETF leads all spot XRP ETFs with $504 million in cumulative net inflows, ahead of Canary Capital's $467 million and Franklin Templeton's $425 million. The Bitwise product accounts for roughly a 33% share of total cumulative net inflows, the largest for any single product.

The category's accumulation has come from smaller, specialised issuers including Bitwise, Canary, Franklin, Grayscale, and 21Shares, without the mega-allocator channel that a firm like BlackRock provides, which is part of why total assets under management remain modest relative to Bitcoin's tens of billions. Bitcoin ETFs, by comparison, hold more than $94 billion in net assets.

Still, the directional consistency of XRP ETF flows has caught attention. Bitcoin and ether products have shown cooling institutional appetite, but XRP products have continued adding money, taking in roughly $35 million between May 20 and May 29 while bitcoin ETFs lost approximately $1.70 billion and ether ETFs shed $309 million over the same period.

Sources:
The Crypto Basic: XRP ETFs Reach Record $1.5B in Cumulative Inflows
CoinDesk: XRP-linked ETFs Drew Inflows as Bitcoin and Ether Funds Lost $2 Billion
SoSoValue: US XRP Spot ETF Data Dashboard