XRP prices have struggled in recent weeks, but flows into XRP-linked exchange-traded products tell a different story. Data for the first week of February (Monday and Tuesday) shows net inflows of roughly 12.6 million XRP, with total inflows reaching 13.15 million XRP against outflows of just 590,000 XRP. The buying suggests some investors are using the price weakness to build longer-term positions.
Total Holdings Edge Higher
As a result of the net inflows, total XRP held across tracked products rose slightly to end the week near 755.5 million XRP. This contrasted with Bitcoin and Ethereum, which continued to decline during the same period.
Issuer Holdings at End-January
By the end of January, holdings were spread among major issuers: Canary held about 186 million XRP, Bitwise roughly 165 million, Franklin Templeton around 147 million, 21Shares about 123 million, Grayscale close to 59 million, with smaller positions from REX-Osprey and index products. Canary and Bitwise remained among the largest holders, while Franklin and 21Shares showed stable exposure.
Volatile January: Grayscale Shed Over 53M XRP in a Single Week
Before the positive Week 6 flows, January was choppy. Week 5 saw net outflows of nearly 31 million XRP, heavily driven by Grayscale, which alone sold more than 53 million XRP. Week 4 also ended in net outflows of about 21.3 million XRP. Those weeks coincided with sharper declines in XRP's market price and rising risk aversion across crypto. Despite those withdrawals, total XRP locked in ETFs has remained relatively high, fluctuating between roughly 755 million and 808 million XRP over recent weeks.