U.S. spot XRP ETFs recorded $11.88 million in net inflows on May 29, pushing total ETF-held net assets to $1.12 billion, according to SoSoValue data. The inflow marks one of the strongest daily additions in recent weeks, driven by institutional demand for regulated XRP exposure. The milestone comes as improving regulatory sentiment in the United States, including discussions surrounding the CLARITY Act and broader digital asset legislation, has increased confidence among institutional investors seeking exposure to XRP and other cryptocurrencies.
Bitwise Leads XRP ETF Inflows With $7.36M on May 29
Bitwise's XRP ETF recorded $7.36 million in daily inflows on May 29, the largest contribution among all providers. Canary Capital's XRPC followed with $2.38 million, while Franklin Templeton's XRPZ attracted $2.14 million. The combined inflows pushed cumulative historical inflows across all U.S. XRP spot ETFs to $1.42 billion.
Among the leading products by net assets:
- Bitwise XRP ETF: $343.58 million in net assets
- Canary XRPC: $289.97 million in net assets
- Franklin Templeton XRPZ: $275.92 million in net assets
- 21Shares TOXR: $143.16 million in net assets
- Grayscale GXRP: $70.84 million in net assets
ETF providers collectively hold approximately 905 million XRP in verified ETF vaults, representing roughly 1.37% of XRP's total market capitalization.
XRP ETFs Record Multiple Positive Inflow Days Throughout May
May has seen multiple days of positive inflows for XRP ETF products. Data shows $9.47 million in inflows on May 22 and $8.88 million on May 21. The $11.88 million recorded on May 29 continues the trend of steady institutional participation.
Unlike direct token purchases, ETFs offer access through traditional brokerage accounts while removing custody concerns. Institutional investors continue using ETFs as their preferred vehicle for gaining XRP exposure.
XRP ETF Holdings Represent 1.37% of Total Market Capitalization
XRP ETFs now hold approximately 1.37% of XRP's total market capitalization. As ETF issuers accumulate XRP for their funds, circulating supply available on the open market gradually decreases. Several factors present for investors include:
- Continued institutional accumulation through ETFs
- Growing liquidity and market maturity
- Increased visibility among traditional investors
- Potential reduction in price volatility over time
For developers, expanding ETF adoption represents another sign that the ecosystem is attracting mainstream financial attention. Strong institutional participation may encourage additional development of payment solutions, tokenization projects, and XRPL applications.
XRP Trades Near $1.35 as ETF Assets Exceed $1.12 Billion
At the time of writing, XRP is trading around $1.35, up more than 2.6% over the past 24 hours. Total ETF-held net assets remain above the $1.12 billion mark. Daily ETF trading volume reached approximately $13.21 million, led by Bitwise, Franklin Templeton, and Canary Capital products.
FAQ
What did XRP ETFs record on May 29?
U.S. spot XRP ETFs recorded $11.88 million in net inflows on May 29, according to SoSoValue data. The inflow pushed total ETF-held net assets to $1.12 billion.
Which XRP ETF provider led inflows on May 29?
Bitwise's XRP ETF recorded $7.36 million in daily inflows on May 29, the largest contribution among all providers. Canary Capital's XRPC followed with $2.38 million, and Franklin Templeton's XRPZ attracted $2.14 million.
How much XRP do ETFs hold in total?
ETF providers collectively hold approximately 905 million XRP in verified ETF vaults, representing roughly 1.37% of XRP's total market capitalization.
