Spot XRP ETFs listed in the U.S. have recorded one month of consecutive net inflows since debuting on November 13, standing out from Bitcoin and Ethereum ETFs that have experienced billions in withdrawals during the same period.
This marks a turning point for XRP, which for several years was excluded from traditional investment opportunities due to regulatory uncertainty surrounding Ripple's lawsuit against the U.S. Securities and Exchange Commission. Now, with spot ETFs removing this barrier, institutional capital is flowing into the asset at a pace that even the most bullish observers did not expect.
A stark contrast to BTC and ETH
According to SoSoValue data, XRP spot ETFs have attracted new investments every single trading day since the launch, lifting the accumulated net inflow to approximately $990.9 million as of December 12. The total net assets for the five products rose to about $1.18 billion, with not a single day of net withdrawals recorded.
The consistency is remarkable in a market where even the largest crypto ETFs have struggled to maintain steady growth. In the same 30-day period, U.S. spot Bitcoin ETFs recorded approximately $3.39 billion in net withdrawals, including a withdrawal of around $903 million in just one day, November 20. Ethereum ETFs followed the same pattern, with approximately $1.26 billion in net withdrawals.
The difference was most evident on December 1. Then, XRP ETFs pulled in $89.65 million, while Bitcoin ETFs garnered only $8.48 million — about a tenth of XRP's figure. Ethereum ETFs simultaneously experienced more than $79 million in net withdrawals.
December trading has further highlighted the contrast. Bitcoin spot ETFs had four negative days against eight positive days, while Ethereum ETFs had five negative and seven positive days as of December 12. XRP ETFs have had positive inflows throughout the period.
Next fastest to $1 billion
Ripple CEO Brad Garlinghouse noted that XRP is among the fastest-growing spot crypto ETFs to achieve $1 billion in assets under management in the U.S., only surpassed by Ethereum.
"There is a pent-up demand for regulated crypto products," stated Garlinghouse. He emphasized Vanguard's recent decision to offer access to crypto ETFs through traditional retirement and investment accounts, pointing out that crypto is now "available to millions more people who do not need to be experts on the technology."
Garlinghouse also emphasized that durability, stability, and community strength are becoming increasingly important for these new "off-chain crypto investors."
CME expands infrastructure for derivatives
CME Group announced the launch of Spot-Quoted XRP and SOL futures on December 15, further expanding institutional access to XRP.
"We have seen strong demand for our current Spot-Quoted Bitcoin and Ether futures, with more than 1.3 million contracts traded since the launch in June, and we are excited to offer XRP and SOL in our lineup," says Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.
The existing Spot-Quoted Bitcoin and Ether futures have seen significant growth, with an average daily volume in December of 35,300 contracts and a record day of 60,700 total contracts on November 24.
The price lags as accumulation signs build up
Market analysts suggest that the uninterrupted inflow pattern indicates that XRP ETFs are used for structural allocation rather than tactical trading.
"These are only five spot ETFs. No BlackRock, no 10–15 ETF exposure yet, but they are coming," noted an analyst, predicting that if weekly inflow remains near $200 million, total inflow could exceed $10 billion by 2026.
Despite strong ETF inflows, the XRP price has been subdued. The token has fallen nearly 15% in the last month and was trading at $1.89 at press time.
The divergence between inflow and price may reflect the mechanisms in the ETF markets. Creation and redemption of ETFs involve complex arbitrage processes that delay price effects. Market participants securing their positions may also dampen some of the immediate effects of inflow.
