Since launching in mid-November 2025, institutional demand for XRP ETFs has climbed beyond the inflows recorded for the crypto market’s two largest assets, Bitcoin and Ethereum. The latest numbers show how quickly capital allocation has shifted, placing XRP at a defining advantage in an increasingly competitive market.
XRP ETFs Inflow Profile Establishes Category Leadership
The first wave of US spot XRP ETFs launched on November 13, led by Canary Capital’s XRPC, which opened with $243.05 million in first-day inflows and has since maintained consistent positive flows, frequently exceeding $100 million in single-day inflows. Across the four active issuers—Canary Capital (XRPC), Bitwise (XRP), Grayscale (GXRP), and Franklin Templeton (XRPZ)—cumulative net inflows have now surpassed $756 million, according to SoSoValue data.
Daily performance across the broader market has followed the same strong pattern. XRP ETFs saw $243.05 million in inflows on November 14, $118.15 million on November 20, and $164.04 million on November 24. By December 1, it secured another $89.65 million, reinforcing the steadiness of demand throughout the launch phase.
Together, these numbers place XRP ahead of every other non-stablecoin asset in ETF inflows over the same period. Independent reports also show that the category gathered $587 million within its first ten trading days, surpassing early benchmarks set by previous altcoin ETF rollouts—including those tied to Bitcoin and Ethereum.
Institutional Capital Flows Favor XRP Over Bitcoin And Ethereum
XRP ETFs’ inflow performance becomes even more pronounced when compared with contemporaneous Bitcoin and Ethereum ETF inflows. On December 1, Bitcoin ETFs recorded $8.48 million in net inflows—roughly one-tenth of XRP’s same-day figure. By contrast, Ethereum ETFs reported more than $79 million in net outflows, continuing a multi-week trend of capital rotation away from ETH-linked products.
This divergence underscores a clear reallocation dynamic in the US market. While Bitcoin and Ethereum remain the dominant assets by AUM, inflow velocity has shifted decisively. XRP’s ability to attract more cumulative net inflows than the leading two crypto assets—despite launching later and holding a smaller market capitalization—marks a material development in ETF-driven capital flows.
The launch sequencing provides additional clarity. Franklin Templeton’s XRPZ and Grayscale’s GXRP both delivered standout debuts, recording $62.6 million and $67.4 million in first-day inflows, respectively, marking the strongest ETF launches of 2025 to date. This surge contributed to a broader inflow cycle that added roughly $300 million across the XRP ETF ecosystem, propelling XRP into the top tier of crypto ETFs by net new capital, despite the underlying asset remaining below key price resistance levels.
Data from multiple independent trackers shows that XRP ETFs have recently recorded higher net inflows than Bitcoin and Ethereum ETFs. Across the tracked XRP ETF issuers, inflows have been consistently strong, indicating a notable shift in investor capital allocation among newly launched digital-asset ETFs.
Featured image created with Dall.E, chart from Tradingview.com
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