Institutional demand for XRP is slowly creeping back in recent days. Inflows into Spot XRP ETFs in the US are picking up pace, even with price action still subdued under $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 Hold A Measurable Slice Of XRP Supply
March was a particularly difficult period for Spot XRP ETFs, with SoSoValue data showing $31.16 million in net outflows for the month. Total XRP assets under management dropped from a January peak of $1.65 billion to below $1 billion due to a combination of XRP’s price falling over 40% and actual investor redemptions.
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However, Spot XRP ETFs have now returned to measurable inflows. According to data from SoSoValue, US-listed spot XRP ETFs attracted $9.1 million in net inflows on April 10. This is their strongest single-day intake since February 6, when $15.2 million flowed into the products, and is a sign of new capital entering the XRP ecosystem through institutional investors after months of suspension.
Since launch, Spot XRP ETFs have received a cummulative $1.22 billion in net inflows. Therefore, the scale of XRP accumulation in these ETFs is no longer negligible. Data shows that as of April 14, seven spot XRP ETFs are trading in the United States, with the products collectively holding 771.7 million XRP tokens and a combined AUM of about $959.40 million. The funds now represent approximately 1.16% of XRP’s market capitalization.
Why ETF Accumulation Matters For Price Structure
ETF flows are increasingly becoming one of the most important variables in XRP’s market structure. Whenever inflows rise, ETFs must acquire XRP from the market, and this effectively makes them a consistent source of demand.
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Furthermore, XRP tokens that go into ETFs are typically held for longer durations compared to retail trading activity. This, in turn, creates a supply sink that can influence price dynamics, especially if inflows continue.
For context, exchange-held XRP dropped 45% from 3.95 billion to 2.6 billion over the course of 2025, the lowest level since 2018, leaving an already thin order book sensitive to an increase in demand.
A Coinbase and EY-Parthenon survey of 351 institutional investors found that 25% plan to add XRP to their portfolios in 2026 and 18% already hold it, but 65% of those respondents identified regulatory clarity as the single biggest factor holding them back from increasing their crypto exposure.
The passage of the CLARITY Act is currently the most important regulatory factor. Spot XRP ETFs could grow to about $5 billion in AUM if the legislation clears the Senate Banking Committee, which is targeting a markup vote in the second half of April. A hypothetical growth of these ETFs to $5 billion in AUM would lock about 2.5 billion tokens, more XRP than every crypto exchange combined holds at present.
Featured image from Adobe Stock, chart from Tradingview.com