Key facts
- Total net assets of XRP ETFs reached $993.29 million as of June 22.
- XRP ETFs recorded $1.45 billion in total inflows.
- Spot Bitcoin ETFs have seen nearly $7 billion in outflows since early May.
- Bitwise's XRP ETF has accumulated $481.57 million in net inflows.
- BlackRock is expected to file for a spot XRP ETF.
XRP-based Exchange Traded Funds (ETFs) are approaching a $1 billion milestone in assets under management, indicating a significant shift in investor interest away from Bitcoin ETFs. Data from SoSoValue reveals that XRP ETFs have accumulated $1.45 billion in total inflows, with net assets reaching $993.29 million as of June 22. This surge contrasts sharply with the nearly $7 billion in outflows experienced by U.S. spot Bitcoin ETFs since early May.
Bitwise's XRP ETF has been a primary driver of this trend, leading in cumulative net inflows with $481.57 million and holding $305.40 million in net assets. The fund was the sole contributor to a $5.31 million inflow on a recent Monday. While XRP ETFs have generally seen consistent inflows throughout June, with notable exceptions on June 3 and stagnant days on June 2, 8, 11, and 17, the overall momentum favors XRP products.
Meanwhile, U.S. spot Bitcoin ETFs have been under sustained pressure, recording outflows on multiple days in June, including a significant $68.18 million on June 22. The largest single-day outflow for Bitcoin ETFs was $519.19 million on June 2, coinciding with Middle East tensions. This pattern suggests a potential rotation of capital from Bitcoin ETFs towards XRP ETFs and other investment vehicles. Market observers anticipate that BlackRock may also file for a spot XRP ETF, further signaling growing institutional interest in the digital asset.