Yeliz Akmaca 
Spot XRP ETF quietly crossed a significant milestone in the crypto market. Total assets under management surpassed $1 billion, while steady inflows point to growing institutional interest. Despite this, XRP’s price has yet to fully reflect these developments.
According to SoSoValue, the total net assets held by spot XRP ETFs exceeded $1 billion last Thursday. At the time of writing, this figure stood at around $1.18 billion. Steven McClurg, CEO of Canary Capital, highlighted that XRP ETFs have now surpassed earlier-launched Solana ETFs in total AUM, signaling stronger investor demand.
Why it matters?
This milestone shows that XRP is attracting more institutional interest than retail-focused tokens. ETFs now provide a regulated channel for wider participation, reducing historical barriers.
Institutional Demand Drives XRP ETFs
McClurg noted that Solana is more efficient to hold on-chain and stake directly, whereas XRP lacks staking but appeals to institutions. This creates stronger demand for ETF products, offering investors an easier access point. Some investors prefer holding XRP directly, while others favor regulated financial instruments.
Spot XRP ETFs have recorded uninterrupted positive net flows, totaling approximately $990.9 million. Currently, five asset managers—including Grayscale, Franklin Templeton, Bitwise, and Canary Capital—offer spot XRP ETF products. Most recently, 21Shares launched its XRP ETF, TOXR, expanding investor access further.
ETF launches mark a turning point for XRP. Regulatory uncertainty had kept XRP out of traditional investment channels for years. Spot ETFs now allow broader market participation through regulated avenues.
$10 Billion Inflow Scenario
Analysts are optimistic about continued growth. X Finance Bull noted that only five spot ETFs exist currently, with major players like BlackRock yet to enter. Weekly inflows averaging $200 million suggest a possible $10 billion cumulative inflow by 2026. At this pace, over 5 billion XRP could be locked long-term, creating potential supply pressure. Institutions buy mechanically, while retail investors react emotionally to dips.
XRP Price Lags Despite ETF Growth
Despite strong ETF inflows, XRP’s price remains subdued. Over the past month, XRP declined nearly 13%, trading at $2.00 at press time, down 0.91% in the last 24 hours.
Market commentator Xaif Crypto noted that whales continue to lead the market, actively buying XRP as prices dip. Such behavior is often seen during market bottoming phases, when large investors accumulate ahead of potential trend reversals.
Whales tend to buy during price declines, not rallies, suggesting that current accumulation could signal a future uptrend.
Overall, the rapid growth of spot XRP ETFs highlights rising institutional interest. Short-term price movements remain muted, but long-term confidence strengthens as inflows continue. Whether this translates into an actual price rally or further downside will depend on upcoming market dynamics and whale activity.
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