Spot XRP ETFs Attract $320M in Inflows Despite Paper Losses
US spot XRP ETFs recorded $320 million in net inflows despite fund holdings sitting on aggregate paper losses.
Regulatory filings disclose that five major U.S. spot XRP exchange-traded funds recorded roughly $320 million in net inflows. This institutional buying continued even as the combined fair value of the holdings was $746.1 million below accounting cost at the end of Q2.
Primary market activity showed $629.9 million in new share creations against $309.1 million in redemptions across products managed by Bitwise, Franklin Templeton, Canary Capital, 21Shares, and Grayscale.
The persistent capital allocations highlight long-term institutional accumulation strategies, demonstrating sustained investor demand for regulated spot crypto exposure regardless of interim market drawdowns.
Key takeaways
- US spot XRP ETFs gather $320M in net inflows
- Holdings show $746.1M paper loss through end of June
- Institutional buyers continue primary market creations