Key Takeaways
- • XRP ETFs accumulated $1.42 billion in net inflows over 16 consecutive days through Friday, with $11.9 million in single-day inflows led by Bitwise ($7.36M), Canary Capital ($2.38M), and Franklin Templeton ($2.14M).
- • Bitcoin and Ethereum ETFs experienced significant outflows on the same period, with Bitcoin losing $125.31 million and Ethereum shedding $17.9 million, extending multi-week selloff streaks across both products.
- • XRP ETF holdings now represent approximately 1.26% of total XRP supply (775 million tokens) with over $1 billion in assets under management since the product launch in late 2025, demonstrating rapid institutional adoption.
- • Capital rotation from major cryptocurrency ETFs into altcoin products accelerated, with Solana (SOL), Hyperliquid (HYPE), and Chainlink (LINK) ETFs all recording positive inflows while Bitcoin and Ethereum funds bled assets.
- • The four-week performance differential reflects a notable institutional shift in cryptocurrency allocation, with XRP ETFs outperforming legacy crypto products amid broader market reallocation.
Summary
XRP exchange-traded funds have emerged as the dominant performer in the cryptocurrency ETF complex, attracting sustained institutional capital while Bitcoin and Ethereum funds face persistent outflows. On Friday, XRP ETFs recorded $11.9 million in inflows, marking the 16th consecutive day of positive flows and bringing cumulative net inflows to $1.42 billion since April 30. This sustained demand stands in sharp contrast to weakness in larger cryptocurrency products, underscoring a notable rotation in institutional capital allocation within the digital assets space.
Bitwise led inflows into XRP products with $7.36 million, followed by Canary Capital at $2.38 million and Franklin Templeton adding $2.14 million. Notably, 21Shares and Grayscale recorded flat activity during the session. The inflow momentum has translated into significant asset accumulation, with XRP ETFs now holding 775 million XRP tokens representing approximately 1.26% of total supply and managing over $1 billion in assets under management since the product suite launched in late 2025.
Meanwhile, Bitcoin and Ethereum ETF products extended extended selloff streaks. Bitcoin ETFs recorded net outflows of $125.31 million on Friday, led by withdrawals from BlackRock's flagship product, while Ethereum ETFs lost $17.9 million. These outflows represent continuations of multi-week redemption trends, with Bitcoin funds experiencing a 10-day selloff streak and Ethereum products a 14-day streak. The capital exodus from established cryptocurrency ETFs appears to be rotating partially into alternative digital assets, with Solana (SOL) ETFs recording $1.32 million in inflows, Hyperliquid (HYPE) capturing $9.5 million, and Chainlink (LINK) adding $1.04 million.
The performance divergence between XRP and legacy cryptocurrency products reflects evolving institutional preferences and potential validation of earlier institutional forecasts regarding XRP ETF adoption. The four-week inflow streak for XRP contrasts sharply with the multi-billion-dollar outflows from Bitcoin and Ethereum funds during the same period, signaling a material shift in how institutional capital is being deployed across cryptocurrency asset classes.
Bitwise led inflows into XRP products with $7.36 million, followed by Canary Capital at $2.38 million and Franklin Templeton adding $2.14 million. Notably, 21Shares and Grayscale recorded flat activity during the session. The inflow momentum has translated into significant asset accumulation, with XRP ETFs now holding 775 million XRP tokens representing approximately 1.26% of total supply and managing over $1 billion in assets under management since the product suite launched in late 2025.
Meanwhile, Bitcoin and Ethereum ETF products extended extended selloff streaks. Bitcoin ETFs recorded net outflows of $125.31 million on Friday, led by withdrawals from BlackRock's flagship product, while Ethereum ETFs lost $17.9 million. These outflows represent continuations of multi-week redemption trends, with Bitcoin funds experiencing a 10-day selloff streak and Ethereum products a 14-day streak. The capital exodus from established cryptocurrency ETFs appears to be rotating partially into alternative digital assets, with Solana (SOL) ETFs recording $1.32 million in inflows, Hyperliquid (HYPE) capturing $9.5 million, and Chainlink (LINK) adding $1.04 million.
The performance divergence between XRP and legacy cryptocurrency products reflects evolving institutional preferences and potential validation of earlier institutional forecasts regarding XRP ETF adoption. The four-week inflow streak for XRP contrasts sharply with the multi-billion-dollar outflows from Bitcoin and Ethereum funds during the same period, signaling a material shift in how institutional capital is being deployed across cryptocurrency asset classes.
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