Key Takeaways
- • Spot XRP ETFs drew $11.31 million of net inflows in the week of October 5 to 9, 2026, extending a 12-week inflow streak on SoSoValue's count, while XRP fell to $1.345 on October 13.
- • Bitwise supplied $10.55 million, about 93% of the weekly total, while Canary Capital's XRPC recorded a $3.34 million outflow.
- • Cumulative inflows of roughly $1.80 billion against net assets of about $1.57 billion imply an aggregate paper loss near $230 million for ETF buyers.
- • Net assets equal about 1.80% of XRP's roughly $84.9 billion market capitalization, so ETF holdings are significant but not dominant in the market.
- • Analysts cited $1.31 as the key support level; a break below it would widen the paper loss toward $300 million and could end the inflow streak.
Summary
Flows diverged from price. According to the analysis, the category took in $11.31 million in the week of October 5 to 9 even as XRP fell from about $1.52 to $1.40 and briefly touched $1.32. XRP was the only one of the four major crypto ETF groups, alongside bitcoin, ether and Solana, to finish that week with net inflows. Three of the five sessions recorded zero net flow, and excluding Bitwise, all other funds combined added only about $760,000. Franklin Templeton's XRPZ added about $4.10 million, while Canary's XRPC, the first spot XRP ETF to launch, lost $3.34 million.
Bitwise's XRP ETF leads the category with $688 million of cumulative net inflows, ahead of Franklin's XRPZ at $509 million and Canary's XRPC at $487 million. Bitwise charges 0.34% annually, uses Coinbase as custodian and is listed on NYSE Arca. The source notes that concentration in a single issuer is a risk, since a pause in Bitwise's flows would end the streak.
The gap between inflows and asset value has widened. Cumulative inflows stood at $1.794 billion on October 6 against $1.697 billion of net assets, a gap of $97 million. By the end of the October 5 to 9 week the gap had reached about $230 million, and Tuesday's decline has widened it further. Flows have slowed from the late-summer pace: August 2026 brought a record $153 million of net inflows, September added $121.4 million, and October through the first nine days has added roughly $16 million. The source characterizes the category as having matured past its launch surge.
The comparison with other crypto products is notable. In the same week, U.S. bitcoin ETFs lost about $681 million, Ethereum ETFs lost $542 million and Solana ETFs lost $24.8 million. The source cautions that a single week does not establish that XRP ETF demand can absorb continued spot-market selling, and that XRP itself fell about 8% over the same week despite the inflows. Evernorth's XRPN began trading on Nasdaq on October 12 after its SPAC merger with Armada Acquisition Corp. II, adding a new public vehicle for XRP exposure.
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