Institutional Money Flows Into XRP ETFs as Bitcoin and Ethereum Funds

Institutional investors have poured roughly $1.44 billion into XRP spot ETFs since their November 2025 launch, with six consecutive weeks of net inflows—including $10.68 million in the week ending June 12 and a peak of $60.5 million in mid‑May—while Bitcoin and Ethereum funds have been net outflows for months【1】.

The contrast is stark. Bitcoin ETFs shed about $5.7 billion over the past five weeks, including a record 13‑day streak of daily outflows totaling $4.4 billion that only ended in early June【1】. Ethereum products have been losing roughly $540.88 million over the same period, with redemptions occurring nearly every week since mid‑May【1】. In May alone, XRP ETFs recorded $131.94 million of inflows, their strongest month of the year, while Bitcoin funds lost $2.43 billion and Ethereum products shed about $540.88 million【2】.

Why the divergence? Bitcoin’s recent pull‑back follows a rally that pushed the price to around $82,000 in mid‑May, prompting profit‑taking as higher Treasury yields dampened expectations for further rate cuts【1】. Ethereum’s outflows lack a comparable rally, reflecting a steadier erosion of positions rather than a single profit‑taking episode【1】. XRP, by contrast, has not experienced a large price surge—down roughly 40 % year‑to‑date—so institutions are buying a discounted asset that is now free of the SEC lawsuit that lingered until August 2025【1】. The legal clearance turned XRP from a high‑risk bet into a permissible holding for regulated funds, and the ETF route has become the primary conduit for that exposure【1】.

Large‑scale moves underscore the depth of the shift. Goldman Sachs sold its entire $153.8 million XRP ETF position, the largest known institutional holding at the time, yet the fund still closed the week net positive because other investors added more than $214 million to absorb the exit【1】. Meanwhile, BlackRock— the dominant manager of Bitcoin and Ethereum ETFs—has not yet filed for an XRP product, with industry insiders suggesting it may wait until XRP assets approach $3 billion, about three times current levels【1】.

The inflows are not a guarantee of price appreciation. Ripple releases up to $1 billion of XRP from escrow each month, adding fresh supply that must be outpaced by demand for any upward pressure to materialize【1】. Liquidity on Binance has fallen to its lowest level since January 2020, making the market more vulnerable to sharp moves despite the steady institutional buying【2】.

If XRP’s institutional inflows can stay ahead of monthly supply releases and the thin liquidity environment, the token may sustain its relative resilience against Bitcoin and Ethereum. Otherwise, the same forces that keep the funds growing could be quickly reversed, leaving the next price direction uncertain.