XRP ETFs are quietly bucking the trend as bitcoin and ether funds see outflows, according to SoSoValue flow data. On May 29, U.S.-listed spot XRP ETFs posted $11.88 million in net inflows, extending a run of positive days even as larger bitcoin and ether products continued to bleed capital. Spot bitcoin ETFs logged $125.31 million in net outflows that day — their 10th straight day of redemptions — while ether funds lost $17.91 million following a $121.35 million withdrawal the day before. Top performers among XRP ETFs on May 29: - Bitwise’s XRP ETF: +$7.36 million - Canary’s XRPC: +$2.38 million - Franklin’s XRPZ: +$2.14 million Key stats and context - U.S. spot XRP ETF net assets: about $1.12 billion (roughly 1.37% of XRP’s market value). - Cumulative net inflows into XRP ETFs: ~$1.42 billion. - By contrast, bitcoin ETFs hold more than $94 billion in net assets. From May 20–29 the divergence was stark: U.S. spot XRP ETFs added roughly $35 million, while bitcoin ETFs lost about $1.70 billion and ether ETFs shed roughly $309 million. The flows suggest institutional appetite is cooling for bitcoin and ether after months of volatile price action, even as some investors continue to add XRP exposure. Why XRP is attracting money Analysts point to a clearer product narrative around XRP and ongoing discussions about U.S. market-structure legislation and ETF adoption. That policy clarity — combined with a still-developing institutional story — may be helping XRP funds attract marginal inflows while larger crypto funds see withdrawals. A separate potential demand source has drawn attention: Bloomberg reported in October 2025 that Ripple Labs was leading an effort to raise at least $1 billion through a SPAC to build a digital-asset treasury that would accumulate XRP, with Ripple expected to contribute some of its own tokens. If true and completed, such a deal would become one of the largest known XRP treasury vehicles. CoinDesk has reached out to Ripple for confirmation and to see whether the plan advanced, changed, or was shelved. Bottom line: XRP is showing two possible demand channels — incremental ETF buying in public markets and a potential institutional treasury build — even as bitcoin and ether ETFs face outflows. UPDATE (May 30, 12:08 UTC): An earlier version of this story focused on the October 2025 Bloomberg report about Ripple’s planned $1 billion XRP treasury raise. CoinDesk has reached out to Ripple for confirmation on whether that plan remains active. Read more AI-generated news on: undefined/news