Institutional demand for XRP slowly crawls back the past few days. Inflows into US Spot XRP ETFs are increasing even as price action remains subdued below $1.4.
Notably, the latest ETF data shows that a measurable portion of the token’s circulating supply is already being absorbed by these investment vehicles.
ETFs now own a measurable share of the XRP supply
March was a particularly difficult period for Spot XRP ETFs. with SoSoValue data with net outflows of $31.16 million for the month. Total XRP assets under management fell from a peak of $1.65 billion in January to less than $1 billion due to a combination of an XRP price drop of more than 40% and actual investor redemptions.
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However, spot XRP ETFs have now returned to measurable inflows. US-listed spot XRP ETFs raked in $9.1 million, according to data from SoSoValue net inflow on April 10. This is the strongest single-day inflow since February 6, when $15.2 million flowed into the products, and is a sign of new capital entering the XRP ecosystem via institutional investors after months of suspension.
Since launch, Spot XRP ETFs have received cumulative net inflows of $1.22 billion. Therefore, the size of XRP accumulation in these ETFs is no longer negligible. Data shows that as of April 14, there are seven spot XRP ETFs trading in the United States, with the products collectively holding 771.7 million XRP tokens and combined assets under management of approximately $959.40 million. The funds now represent approximately 1.16% of XRP’s market capitalization.
Why ETF accumulation is important for price structure
ETF flows are increasingly becoming one of the most important variables in XRP market structure. When inflows increase, ETFs need to acquire XRP from the market, and this essentially makes them a consistent source of demand.
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Additionally, XRP tokens used in ETFs are typically held for longer durations compared to retail trading operations. This in turn creates a supply sink that could impact price dynamics, especially if inflows continue.
For context, XRP holdings on the exchange fell 45% from 3.95 billion to 2.6 billion over the course of 2025, the lowest level since 2018. leaving an already meager order book sensitive to an increase in demand.
A survey by Coinbase and EY-Parthenon among 351 institutional investors found that 25% planning to add XRP to their portfolios by 2026 and 18% already own it, but 65% of these respondents cited regulatory clarity as the biggest factor holding them back from increasing their cryptocurrency exposure.
The passage of the CLARITY Act is the most important at the moment regulatory factor. Spot A hypothetical growth of these ETFs to $5 billion in assets under management would create approximately 2.5 billion tokens, more XRP than every crypto exchange combined currently owns.
Featured image from Adobe Stock, chart from Tradingview.com