According to SoSoValue data, XRP spot exchange-traded funds posted a total net inflow of $22.68 million on November 28, reversing recent outflows. The Franklin XRP ETF (XRPZ) led with a single-day inflow of $10.68 million, bringing its cumulative historical net inflow to $85.22 million. The Canary XRP ETF (XRPC) followed closely with $9.07 million in daily inflows, while its price surged 4.98%.
Market Snapshot
XRP’s spot price edged up 0.93% on the day, reflecting mild support from ETF inflows. In contrast, Bitcoin and Ethereum spot ETFs both recorded net outflows during the same period, suggesting capital rotation toward alternative assets. Analysts attribute the sustained demand for XRP ETFs to growing optimism surrounding the resolution of Ripple’s legal battle and clearer regulatory frameworks.
Leader: Franklin XRPZ
Franklin Templeton’s XRPZ has accumulated over $85 million in net inflows since its launch, making it one of the largest XRP-focused ETFs by assets. The fund’s competitive expense ratio (0.19%) and robust liquidity have attracted institutional players, including pension funds and family offices. The recent surge in trading volume indicates that mainstream asset managers are accelerating their crypto allocations.
Canary XRPC Shines
Canary Capital’s XRPC recorded a $9.07 million daily inflow and a 4.98% price gain on Nov 28, reflecting strong market appetite for its tailored XRP exposure. The firm previously launched one of the first XRP trust products in the U.S., and its ETF version continues to draw both retail and professional interest. While XRPC’s cumulative inflows have not been disclosed, the positive daily flows signal sustained momentum.
Industry Context
Just a week earlier, Goldman Sachs exited a $154 million XRP ETF position, causing a short-lived sell-off. However, capital quickly returned, demonstrating robust long-term institutional demand. Moreover, Intesa Sanpaolo expanded its crypto holdings to $235 million, focusing on XRP and Ethereum, further validating the asset’s mainstream acceptance. With Bitcoin and Ethereum ETFs facing outflows, XRP ETFs have emerged as a bright spot.
Outlook
As more asset managers (e.g., Grayscale, Bitwise) file for XRP ETFs and the SEC reviews pending applications, daily flows could accelerate. While $22.68 million is modest compared to the initial Bitcoin ETF boom, the consistent positive inflows are building a price floor for XRP. Investors should watch regulatory developments and major holder position changes.