U.S. spot XRP ETFs registered a 15-day streak of net inflows and crossed roughly $1.095 billion in assets under management, underscoring a rapid institutional accumulation of XRP. The flows arrive after launches in mid-November 2025 and follow a decisive legal and market shift that reduced a key regulatory overhang.
Institutional inflows and issuer landscape
Data compiled from market reports shows the new suite of spot XRP ETFs has locked away roughly 473.5 million XRP — near 0.5% of circulating supply — and attracted concentrated buying from institutional desks. Issuers leading the roll-out include Grayscale (GXRP), Franklin Templeton (XRPZ), Bitwise (XRP), Canary Capital (XRPC), REX-Osprey (XRPR) and others such as Amplify, 21Shares, CoinShares and WisdomTree, with Canary Capital’s XRPC recording about $58 million in day-one volume on Nasdaq and approximately $861 million flowing into these vehicles during a 15-day window prior to the AUM milestone.
Market participants point to two main drivers: regulatory clarity and institutional access. The effective end of the enforcement action between Ripple and regulators, with dismissal of appeals, removed a long-running legal uncertainty and prompted some large pools of capital to use regulated ETF wrappers rather than direct spot markets, while record CME XRP futures volumes are interpreted as further evidence of institutional engagement.
Execution has been pragmatic: a portion of acquisitions were routed through OTC desks to limit price disruption. That institutional demand has not translated into an immediate, sustained price breakout, with XRP trading in a roughly $2.00–$2.21 range during the period and products such as XRPC declining about 20% from its Nov. 13, 2025 debut while XRP itself fell 4.3% following the ETF launch amid broader Bitcoin weakness, according to market commentaries.
The steady inflows suggest a structural change in how institutional capital gains exposure to altcoins: regulated wrappers can concentrate supply off exchanges and tighten liquidity. ETFs can create a price support floor by aggregating slow-moving capital and increasing the concentration of tokens in custody, but they do not guarantee immediate rallies and leave short-term volatility, tracking differences and basis dynamics as material risks.
The 15-day inflow streak and the roughly $1.095 billion AUM mark signal notable institutional acceptance of XRP via spot ETFs, even as price momentum remains uneven. Traders and allocators are being pushed to reassess liquidity, custody concentration and hedging strategies as ETF-driven demand reshapes how XRP exposure is sourced.