Total net assets in US spot XRP ETFs have moved back above $1 billion, but the recovery does not point to a major surge in fresh investor demand. The latest figures show that the jump was driven mostly by XRP’s price rebound, which lifted the value of holdings already sitting inside the funds.
Over the past week, XRP rose 10.5% to $1.15. The token had previously slipped close to $1 during June’s extended decline. Because spot ETFs track the underlying asset closely, that move fed straight into fund valuations and pushed aggregate net assets back over the billion-dollar threshold.
Inflows stayed positive, but the pace remained limited
Fund flows tell a more restrained story. During the measured period, combined net inflows totaled only $17.19 million. That is not a large figure relative to the headline rise in assets. Even so, the products have now posted nine straight weeks of net positive inflows since launch, with cumulative inflows reaching $1.49 billion.
The distinction matters. Assets expanded, but most of that gain came from revaluing existing positions at a higher XRP price rather than from a strong new buying wave. For issuers and current holders, the rebound improved reported fund size quickly. For anyone tracking conviction in the market, the money flow data still looks cautious.
Bitwise holds the top spot among XRP ETF issuers
Bitwise remained the largest manager in the segment, with fund assets at $330.84 million. The source says the increase reflected both the price recovery and a modest amount of local capital entering the fund. Canary followed with $265.30 million, while Franklin Templeton ranked third at $261.68 million.
Franklin Templeton’s presence near the top is notable because of its standing in traditional finance. Its position suggests that mainstream financial groups continue to keep XRP ETF products on their radar. Still, the broader asset rise has not yet translated into forceful subscription activity across the category.
Regulatory delays keep large institutions on the sidelines
Regulation remains a major reason institutional demand has not accelerated. According to the report, slow progress in Washington on legislation and rulemaking has kept many large investors in wait-and-see mode instead of making bigger commitments. The final vote on the CLARITY Act has been pushed to late July or even August 2026, reinforcing the view that key regulatory decisions are being delayed.
The bill is intended to clarify how digital assets should be regulated in the US, including whether certain tokens fall under securities or commodities rules. That leaves the current picture fairly clear: XRP ETF assets are back above $1 billion, but the move reflects market pricing more than a burst of institutional buying.