XRP ETFs Knock on $1B Door While Bitcoin ETFs Bleed $7B 🩸➡️💸

Spot XRP exchange-traded funds are closing in on a $1 billion assets-under-management milestone even as spot Bitcoin ETFs absorb roughly $7 billion in outflows since early May, according to SoSoValue data. The rotation has drawn fresh attention to the still-nascent XRP product category, which recorded $5.31 million in net inflows on Monday alone and lifted cumulative net inflows to $1.45 billion.

Total net assets across the XRP ETF complex stood at $993.29 million as of June 22, putting the segment within striking distance of the symbolic billion-dollar threshold. Bitwise has emerged as the standout name in the early leaderboard, though market participants continue to watch for any filing from BlackRock, which has not yet submitted an application for a spot XRP product.

Daily flow data show persistent demand through most of June. XRP ETFs registered inflows of $7.44 million on June 9, $1.19 million on June 10, $2.04 million on June 12, $2.82 million on June 15, $5.30 million on June 16, $2.55 million on June 18 and $5.31 million on June 22. Trading volume on June 22 reached $15.05 million, underscoring continued two-way activity even as broader sentiment was tested by US-Iran tensions before reports of progress toward a diplomatic resolution.

The contrast with $BTC spot ETFs is stark. Products tied to the largest cryptocurrency have seen approximately $7 billion in cumulative outflows since the start of May, a move analysts attribute to portfolio rebalancing rather than outright exits. The timing coincides with growing institutional appetite for alternative-spot crypto ETFs, a category that now includes offerings linked to Ether and a growing roster of altcoins.

Bitwise did not immediately respond to requests for comment on its market share among XRP ETFs. BlackRock has also not confirmed plans for a spot XRP filing. Investors continue to weigh fee structures, custody arrangements and the regulatory outlook as the segment approaches its first full quarter of trading in the United States.