XRP ETFs Attract $35 Million in Inflows Amid $2 Billion Outflows from Bitcoin and Ether Funds
By Shaurya Malwa
Published: May 30, 2026, 11:35 a.m. EDT | Updated: 12:14 p.m. EDT
In a notable divergence within the cryptocurrency investment landscape, U.S.-listed spot XRP exchange-traded funds (ETFs) garnered approximately $35 million in net inflows from May 20 to May 29, while Bitcoin and Ether ETFs experienced combined outflows nearing $2 billion over the same period. This influx into XRP funds underscores a growing investor interest that contrasts sharply with dwindling appetite for the more established cryptocurrency funds.
XRP ETFs See Continued Gains as Bitcoin and Ether Funds Struggle
Data from SoSoValue indicates that on May 29 alone, spot XRP ETFs recorded net inflows totaling $11.88 million, marking a continuation of a week-long streak of positive flows. This momentum for XRP funds contrasts with ongoing redemptions in Bitcoin and Ether ETFs—spot Bitcoin ETFs reported a single-day net outflow of $125.31 million, extending their streak to ten consecutive days of withdrawals. Ether funds also saw declines, with $17.91 million in outflows on May 29, following a $121.35 million withdrawal the prior day.
Among XRP ETFs, Bitwise’s fund led inflows on May 29 with $7.36 million, followed by Canary’s XRPC at $2.38 million and Franklin’s XRPZ attracting $2.14 million. Collectively, U.S.-listed XRP ETFs hold net assets near $1.12 billion, representing about 1.37% of XRP’s total market capitalization. Cumulative net inflows into this category since inception amount to approximately $1.42 billion.
In comparison, Bitcoin ETFs dominate the market with over $94 billion in net assets, highlighting the relatively smaller but growing scale of XRP-focused investment products.
Factors Behind the Divergence
The contrasting flows come amid a complex backdrop featuring XRP’s unique policy and product narrative. Unlike Bitcoin and Ether, which have recently faced cooling institutional demand amid price volatility, XRP benefits from distinct regulatory and market positioning.
One factor drawing investor attention is ongoing U.S. market-structure legislation that could impact digital assets, alongside gradual adoption of XRP ETFs. Some investors also speculate around Ripple Labs’ potential to create institutional demand through treasury vehicles.
This latter point traces back to an October 2025 Bloomberg report stating Ripple Labs was spearheading efforts to raise at least $1 billion via a Special Purpose Acquisition Company (SPAC) to build a digital asset treasury focused on accumulating XRP tokens. Ripple was expected to contribute some of its XRP to this treasury structure—a move that would represent one of the largest known institutional accumulations for the token. However, CoinDesk has reached out to Ripple for confirmation or updates, and the company has yet to comment on whether the plan has advanced or changed.
Market Implications
The inflows into XRP ETFs suggest growing investor appetite for alternative crypto exposure beyond Bitcoin and Ether, whose funds are seeing sustained withdrawals amid macroeconomic pressures and geopolitical tensions. This trend also aligns with wider crypto fund outflows reported by CoinShares, which noted $1.67 billion in withdrawals across crypto investment products last week—the second-largest weekly outflow of 2026. Despite the ETF inflows, XRP’s price remains relatively subdued, hovering in the low $1.30 range as of May 30, 2026. The divergence between investment flows and spot price highlights a nuanced demand dynamic where institutional buying in public markets coexists with cautious broader market sentiment.
Conclusion
The recent capital movement into XRP ETFs reflects a distinctive market dynamic where XRP is emerging as a favored token amid broader cryptocurrency fund withdrawals. Whether ongoing regulatory developments and potential treasury asset accumulation strategies by Ripple will translate into sustained price momentum remains to be seen. For now, XRP’s ETF inflows indicate a developing niche in crypto investment, as Bitcoin and Ether funds confront liquidity challenges.
Prices as of May 30, 2026:
- Bitcoin (BTC): $70,972.27 (+3.85%)
- Ethereum (ETH): $1,993.54 (+0.83%)
- XRP: $1.29 (+3.29%)
This article continues to be updated as new information becomes available. For the latest in cryptocurrency markets and analysis, follow CoinDesk.