Spot XRP ETFs listed in the U.S. have recorded a month of consecutive net inflows since their debut on November 13. This makes them unique compared to Bitcoin and Ethereum ETFs, which experienced billions in outflows during this period.
This milestone is a turning point for XRP. After years of uncertainty surrounding Ripple's lawsuit with the U.S. Securities and Exchange Commission, XRP could not be used for traditional investment products. Now that this barrier has been removed through spot ETFs, institutional capital is flowing into XRP faster than even bullish analysts expected.
A sharp contrast with BTC and ETH
According to SoSoValue data, new money has flowed into the spot XRP ETFs since the launch on each trading day. In total, the net inflow amounts to approximately $990.9 million as of December 12. Collectively, the five products now have about $1.18 billion in net assets, with no net withdrawals occurring on any single day so far.
This constant inflow is notable because even the largest crypto ETFs struggle with stable momentum. In the same 30 days, U.S. spot Bitcoin ETFs saw a net outflow of about $3.39 billion, including $903 million on just November 20. Ethereum ETFs also showed a net outflow of about $1.26 billion.
The difference was most noticeable on December 1. That day, XRP ETFs brought in $89.65 million, while Bitcoin ETFs added only $8.48 million - about one-tenth of XRP. Ethereum ETFs experienced more than $79 million in net outflow that day.
In December, the difference became even clearer. Bitcoin spot ETFs recorded four days of negative inflow versus eight positive days, while Ethereum ETFs also showed fluctuations with five negative days and seven positive days up to December 12. The XRP ETFs continued to show only positive inflow.
Second fastest to $1 billion
Ripple CEO Brad Garlinghouse noted that XRP is now one of the fastest spot crypto ETFs in the U.S. to reach $1 billion in assets under management, only Ethereum moved faster.
"There is a lot of demand for regulated crypto products," said Garlinghouse. He pointed to Vanguard's recent decision to offer access to crypto ETFs through regular investment and retirement accounts. Crypto is now accessible to millions of additional people who do not need to be technology experts.
Garlinghouse also emphasized that sustainability, stability, and the strength of the community are becoming increasingly important for these new 'off-chain crypto investors.'
CME expands derivatives infrastructure
CME Group announced the launch of Spot-Quoted XRP and SOL futures on December 15, further expanding institutional access to XRP.
"We are seeing a lot of demand for our current Spot-Quoted Bitcoin and Ether futures. More than 1.3 million contracts have been traded since June, and we are pleased to add XRP and SOL to our offerings," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.
The existing Spot-Quoted Bitcoin and Ether futures showed strong growth, with an average daily volume of 35,300 contracts in December and a record of 60,700 combined contracts on November 24.
The price lags while accumulation signals build up
According to market analysts, these uninterrupted inflows indicate that XRP ETFs are primarily being used for structural allocation rather than tactical trading.
"This is just 5 spot ETFs. Not yet BlackRock, not yet 10-15 additional ETFs... but they are coming," noted an analyst. He predicts that if the weekly inflow remains around $200 million, the total inflow could exceed $10 billion by 2026.
Despite the strong inflow, the price of XRP lags. The token has dropped nearly 15% in the past month and was trading at $1.89 at the time of writing.
The difference between inflows and the price may relate to how ETF markets operate. The creation and redemption of ETFs occur through complex arbitrage processes, causing the price effect to sometimes be delayed. Market makers hedging their positions may also dampen some of the immediate impact of inflows.
