XRP ETFs Draw $35M as Bitcoin and Ethereum Funds Bleed $2 Billion
XRP (XRP)-linked exchange-traded funds took in $35 million from May 20 to May 29, even as spot Bitcoin (BTC) and Ethereum (ETH) funds shed roughly $2 billion combined over the same period. The divergence marks a notable split in institutional cryptocurrency demand heading into June 2026.
XRP funds also posted $11.9 million in net inflows on May 29 alone, the largest single-day figure among all cryptocurrency ETF products that day.
XRP ETF Inflows Defy the Broader Selloff
CoinDesk reported the weekly flow figures on May 30, drawing on fund data covering the nine-day stretch through May 29. Bitcoin and Ethereum funds bled capital across multiple consecutive sessions during that window.
Spot bitcoin ETFs recorded their tenth straight day of net withdrawals on May 29, with $125 million leaving funds on that session alone, according to separate flow data. The combined $2 billion in outflows from Bitcoin and Ether products over the full nine-day period underscores a sustained pullback by institutional allocators from the two largest cryptocurrency assets by market cap.
XRP funds absorbed net inflows throughout the same window.
The $35 million total is modest relative to the scale of Bitcoin ETF assets under management, but the directional difference is significant. Institutions were adding to XRP exposure while trimming Bitcoin and Ethereum positions at pace.
Background
XRP ETF inflows reflect a broader shift in crypto ETF demand that began building after spot XRP funds launched in the United States earlier in 2026.
The approval and launch of XRP-linked exchange-traded products followed the resolution of Ripple Labs‘ multi-year legal dispute with the Securities and Exchange Commission, which had cast regulatory uncertainty over XRP for years. Ripple was also separately reported to be leading a $1 billion XRP treasury raise around this period, a move that would rank among the largest corporate cryptocurrency reserve builds outside of Bitcoin.
That treasury report, covered in a scan three hours prior to this story, adds context to why institutional appetite for XRP products has remained firm.
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What This Means for Crypto Fund Flows
The split between XRP inflows and Bitcoin-Ethereum outflows points to rotation rather than broad risk-off behavior. Investors pulling from BTC and ETH funds were not exiting cryptocurrency entirely; at least some of that capital appears to have moved toward XRP products.
The $2 billion in combined Bitcoin and Ethereum outflows over nine days is large enough to weigh on prices if sustained, but short enough to reflect tactical repositioning rather than a structural exit.
The week also coincided with the S&P 500 extending a nine-week rally, a macro environment that typically reduces urgency to hold risk assets like Bitcoin as a hedge. Whether XRP inflows persist into June will depend partly on whether Ripple’s treasury raise closes and on whether spot XRP ETF assets under management continue to grow from a smaller base.
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