Momentum behind spot XRP exchange-traded funds (ETFs) has cooled significantly since their launch months, with daily net inflows plunging sharply.
In this line, when the first U.S. spot XRP ETFs began trading on 14 November 2025, the funds recorded net inflows of $104.71 million as XRP traded around $2.32.
The strong debut reflected optimism following regulatory clarity and the swift approval of products from issuers such as Canary Capital, Bitwise, Franklin Templeton, and Grayscale.
By May 22, 2026, daily net inflows had dropped to just $6.90 million while XRP traded near $1.30. That marks a decline of about 93.4% from the initial peak, according to Coinglass data.
Despite the decline in daily flows, spot XRP ETFs have still accumulated significant assets since launch.
By May 2026, cumulative net inflows had reached about $1.39 billion, while total assets under management across the seven active funds stood between $1.1 billion and $1.2 billion.
The products also posted positive inflows during their first 30 trading days, outperforming Bitcoin (BTC) and Ethereum (ETH) ETFs over the same period and pushing cumulative inflows near $1 billion by December 2025.
Strong inflows continued at times in 2026, with April recording more than $80 million in net inflows.
XRP price suppressed
However, the steady ETF demand has not translated into strong XRP price gains. The token has mostly traded sideways to lower in 2026, recently hovering near $1.30 amid broader cryptocurrency market weakness and macroeconomic pressures.
By press time, XRP was trading at $1.36, down almost 0.5% in the past 24 hours.
Analysts attribute the cooling inflows to profit-taking after the launch surge, a lack of fresh catalysts, and increased competition for capital across the crypto sector.
Overall, the ETFs have remained relatively resilient, posting positive flows in most weeks since launch and maintaining assets above $1 billion, with expectations of a recovery if broader crypto market sentiment improves.
