XRP ETFs Outperform Bitcoin, Ethereum with $1B+ Inflows

The launch of Canary Capital’s XRPC on November 13 marked the arrival of the first spot XRP ETF on Wall Street, setting an immediate precedent with a record-breaking first-day trading volume of nearly $60 million. This pioneering fund was swiftly followed by four others: Grayscale’s GXRP, Bitwise’s XRP, Franklin Templeton’s XRPZ, and, most recently, 21Shares’ TOXR. According to data from SoSoValue, the collective performance of these five funds has been nothing short of exceptional. Over the 25 trading days since the initial launch, not one has experienced a day of net outflows.

By the close of trading last Friday, total net inflows had skyrocketed to $1.070 billion. In the past week alone, the cohort gained $82.04 million. Canary Capital’s XRPC remains the dominant vehicle, attracting $384 million in cumulative net inflows. Grayscale’s GXRP, Bitwise’s XRP, and Franklin Templeton’s XRPZ follow, while 21Shares’ TOXR trails significantly with just $23.05 million. This consistent inflow pattern, even as daily volumes have declined from their initial peak, underscores a steady and deliberate accumulation of capital distinct from speculative frenzy.

The strength of the XRP ETF inflows becomes even more apparent when contrasted with the performance of funds tracking larger cryptocurrencies. While the XRP products have enjoyed uninterrupted inflows, the spot Bitcoin ETF market has struggled. In the past week, these funds saw only one positive day, culminating in a net outflow of almost $500 million. The situation for spot Ethereum ETFs is more dire; they have not recorded a single day of net inflows since December 10, losing nearly $650 million in the last week alone.

Solana-based ETFs present the closest comparison, having recorded 12 consecutive days of net inflows. However, even their weekly total of $66.56 million falls short of the $82.04 million attracted by the XRP funds. This comparative analysis reveals that investor preference is not merely a function of novelty. For instance, the newly launched spot Dogecoin ETFs have garnered a mere $2 million in inflows, demonstrating that being a new entrant is insufficient to capture significant capital. The outperformance of XRP ETFs suggests a more fundamental appeal is at work.

Analysts point to the robust corporate and regulatory progress of Ripple Labs as the primary catalyst driving investor preference for XRP ETFs. The company has had a landmark 2025, widely considered its best year to date. A critical milestone was the conclusion of its protracted lawsuit with the U.S. Securities and Exchange Commission (SEC) several months ago, which removed a significant cloud of regulatory uncertainty that had long weighed on the XRP token.

Beyond the legal resolution, Ripple has aggressively pursued growth through partnerships, licenses, and acquisitions. Recent high-profile developments include receiving conditional approval from the U.S. Office of the Comptroller of the Currency (USOCC) to launch a Ripple National Bank Trust and announcing a joint collaboration with Swiss-based financial organization AMINA Bank. These moves signal Ripple’s deepening integration into the traditional financial infrastructure, enhancing its credibility and utility. This combination of regulatory clarity and strategic expansion appears to be fostering stronger investor confidence in XRP’s long-term prospects compared to other digital assets, making its associated ETFs a favored vehicle for gaining exposure.