According to SoSoValue data, U.S. XRP spot ETFs recorded a total net inflow of $15.632 million on June 26 (Eastern Time), continuing the recent positive flow trend. Bitwise XRP ETF (XRP) led the day with a net inflow of $11.6648 million, while Franklin XRP ETF (XRPZ) followed with $3.9673 million. As of press time, the total net asset value of all XRP spot ETFs stood at $934 million, with a net asset ratio (ETF holdings as a percentage of XRP's circulating market cap) of 1.44%. The cumulative net inflow since inception has reached $1.47 billion.
Divergent Performance Among ETF Products
Among individual products, Bitwise XRP ETF (XRP) has accumulated $493 million in net inflows, making it the largest XRP ETF by cumulative volume. Franklin XRP ETF (XRPZ) has accumulated $410 million. Together, these two account for 61% of total cumulative inflows, highlighting the concentration of capital in leading products. Currently, there are approximately 10 XRP spot ETFs in the U.S. market, including issuers such as Bitwise, Franklin, 21Shares, and Grayscale. Grayscale's XRP Trust, which converted to an ETF, also attracted some inflows but with a relatively smaller scale.
Institutional Allocation Trends
Since XRP spot ETFs were approved in the U.S. in 2025, cumulative net inflows have exceeded $1.47 billion. While this figure pales in comparison to the multi-billion-dollar inflows of Bitcoin and Ethereum ETFs, it is already the largest among altcoin ETFs. The 1.44% net asset ratio indicates that approximately 1.4% of XRP's circulating market cap is held through ETF channels by institutional investors, reflecting growing interest in XRP as a cross-border payment and settlement asset. With the resolution of the Ripple-SEC lawsuit, legal clarity for XRP has improved, further encouraging long-term capital such as pension funds and endowments to allocate through the compliant ETF framework.
Market Impact and Outlook
The daily inflow of $15.63 million is modest in absolute terms, but its steady persistence without major catalysts suggests underlying fundamental recognition of the XRP ecosystem. By comparison, Bitcoin ETFs saw daily inflows of roughly $50 million and Ethereum ETFs about $30 million on the same day. XRP ETFs accounted for approximately 15% of the combined three-asset ETF flows — significantly higher than XRP's ~3% market cap share — implying that some institutions are overweighting XRP for diversification purposes. Going forward, monitoring SEC policy shifts and Ripple's adoption progress among banks will be key to assessing the sustainability of ETF inflows.