U.S. spot XRP ETFs posted their strongest single-day inflow in nearly four months on May 11. According to SoSoValue data, total net inflows reached $25.8 million, the highest level since Jan. 5.
Franklin, Bitwise, Grayscale Lead
Franklin Templeton's XRPZ fund captured the largest share at $13.6 million, followed by the Bitwise XRP ETF with $7.6 million and Grayscale's GXRP at $4.6 million. Institutional demand continues to flow into regulated crypto fund products.
Bitcoin ETFs have recorded seven consecutive weeks of positive flows, bringing in over $3.4 billion in that period. Solana ETFs also saw $26.6 million in daily inflows, their highest since February. Ether ETFs moved in the opposite direction, posting roughly $16.9 million in net outflows on the same day.
Ripple Expands Institutional Services
Ripple last week completed a cross-border payment pilot using tokenized U.S. Treasuries alongside JPMorgan Chase, Mastercard, and Ondo Finance, leveraging infrastructure tied to the XRP Ledger. Days earlier, its prime brokerage arm secured a $200 million credit facility from Neuberger Berman to expand margin lending and multi-asset trading for institutional clients, covering crypto, equities, fixed income, and FX.
XRP traded at $1.46 at press time, up 0.4% over 24 hours.