XRP ETFs pass $1 billion mark with no outflow days since launch

U.S.-listed spot XRP exchange-traded funds have crossed a milestone $1 billion in assets after drawing net inflows every trading day since their debut in mid-November — a streak that sets them apart from bitcoin and ether ETFs that saw several sessions of outflows over the same stretch.

Data from SoSoValue show total net assets across spot XRP ETFs reached about $1.18 billion as of Dec. 12, while cumulative net inflows rose to roughly $975 million. The products have recorded 30 consecutive trading days of net inflows since launching on Nov. 13.

The milestone comes at an awkward time for risk assets. Crypto prices have drifted lower alongside a broader risk-off tone in global markets as investors reassess rate expectations, earnings momentum and the durability of tech-led rallies.

Bitcoin has traded down in recent sessions and ether has been weaker, while major altcoins have mostly tracked the slide.

Yet the XRP ETF wrapper has continued to pull in capital in a signal that flows are being driven more by access and structure than by short-term price action, some analysts say.

“Fast ETF growth doesn’t mean the asset is suddenly better. It means access got easier,” said Mati Greenspan, founder of Quantum Economics and former senior market analyst at eToro, in an email. “The wrapper matters more than the token, especially for allocators who care about compliance, custody and liquidity over short-term price action.”

Greenspan added that ETF inflows can remain positive even during market drawdowns because they reflect allocation decisions rather than near-term trading signals. Investors may be adding exposure while prices soften if they’re thinking in quarters or years, not days.

The clean inflow streak also highlights how XRP is behaving differently from the more mature U.S. spot bitcoin and ether ETF complex. Those products, which account for the bulk of crypto ETF assets, have been more sensitive to macro swings and equity volatility, with stop-start flow patterns in recent weeks.

XRP funds, by comparison, have attracted smaller but more consistent allocations — suggesting a more “set-and-hold” buyer profile, or investors using XRP as a differentiated sleeve inside regulated crypto exposure.

“Institutional investors are prioritizing assets that fit within established ETF rails and deliver clear functional benefits,” said Asheesh Birla, CEO of Evernorth, a vehicle offering institutional-grade exposure to XRP.

The broader implication is that crypto ETFs may be entering a second phase where capital is no longer concentrating only in bitcoin and ether, but starting to spread across alternative assets that can be packaged into regulated wrappers — even as the underlying spot market remains choppy.