Last month, the $XRP spot ETFs recorded their largest monthly inflow so far this year, amid renewed institutional interest.
Per SosoValue, the US $XRP spot exchange-traded funds saw a monthly total net inflow of $81.59 million in April. This recent figure took the cumulative total net inflow to $1.29 billion and the total net asset to $1.04 billion.
Key Points
- The US $XRP spot ETFs saw a monthly total net inflow of $81.59 million in April.
- The latest monthly figure took the cumulative total net inflow to $1.29 billion and the total net asset to $1.04 billion.
- April’s $81.59 million inflow surpassed February’s $58.09 million inflow and January’s $15.59 million inflow.
- The Bitwise $XRP ETF has led proceedings, bringing in more capital than any other product, both cumulatively and in April.
- Despite these inflows, the $XRP price has remained relatively weak over a broader timeframe.
$XRP ETFs See Renewed Interest
The recent performance is notable, as the prior month saw a substantial institutional recession. In March, the funds saw a net outflow of $31.16 million, aligning with the cautious tone in global markets amid tensions in the Middle East. $XRP also dropped nearly 3% that month, reflecting these uncertainties.
However, by April, institutions doubled down on $XRP accumulation. These large players bought back more than twice as much as they sold in dollar terms the previous month. This reflects their conviction in the prominent altcoin as a good hold despite global market uncertainty.
The renewed interest produced the largest monthly ETF haul in dollar terms in 2026. April’s $81.59 million surpassed February’s $58.09 million inflow and January’s $15.59 million. Aside from the March net outflow, the data show a steady increase in exposure, with the following month outperforming the previous month in net inflow.
Despite this, $XRP ETFs have not reached the monthly inflow threshold seen in their first two months of market trading. For context, the funds recorded a monthly net inflow of $666.61 million in November 2025 and approximately $500 million in December 2025, pushing cumulative inflow past $1.1 billion in two months.
$XRP ETFs Flow in April
So far, the Bitwise $XRP ETF has led proceedings, bringing in more funds than any other product. It has recorded a cumulative net inflow of $421 million and accounted for a significant share of the April haul. The fund brought in $44.74 million last month, more than half of the total inflows.
The Franklin $XRP ETF (XRPZ) followed with a total inflow of $28.8 million in April. This took its cumulative inflow to $350 million, placing it third in the ranking. The three other funds—Grayscale’s GXRP, 21 Shares’ TOXR, and Canary Capital’s XRPC—brought in less than $5 million each to complete the tally.
Impact on Prices
Notably, the April inflow contributed to $XRP’s mild 2% growth. The asset recorded its first monthly green candle in seven months, driven by a broader market recovery and increased demand from these traditional ETF corridors.
However, on a broader scale, the $XRP price has remained relatively weak. Since the start of the year, it has dropped by 23%, in line with the wider market trend. $XRP has also declined by 41% from its $2.38 price on the first day of the $XRP spot ETF launch on November 13.
This broader mismatch between long-term price and demand has continued to draw mixed reactions from market analysts. While others continue to ask whether $XRP would see the same price impact that ETFs had on Bitcoin, an analysis has projected how each fund pulling in 11 million $XRP tokens daily would affect prices. Per the outlook, $XRP could climb to $420 per coin in this scenario.