XRP funds are getting the bid that bitcoin and ether ETFs are lacking.
U.S.-listed spot XRP ETFs posted $11.88 million in internet inflows on Could 29, extending every week of constructive flows even because the bigger bitcoin and ether ETF markets continued to lose capital, SoSoValue information present.
Spot bitcoin ETFs recorded $125.31 million in internet outflows on Could 29, marking a tenth straight day of redemptions. Ether funds misplaced one other $17.91 million, following $121.35 million of outflows the day earlier than.
XRP funds moved the opposite approach.
Bitwise’s XRP ETF led the group with $7.36 million of inflows on Could 29, adopted by Canary’s XRPC at $2.38 million and Franklin’s XRPZ at $2.14 million. Complete internet belongings throughout the U.S. XRP ETF class stood close to $1.12 billion, equal to about 1.37% of XRP’s market worth, whereas cumulative internet inflows reached $1.42 billion.
The scale continues to be small subsequent to bitcoin ETFs, which maintain greater than $94 billion in internet belongings. Bitcoin and ether merchandise are displaying cooling institutional urge for food after months of risky value motion, however XRP merchandise are nonetheless including cash.
From Could 20 to Could 29, U.S. spot XRP ETFs took in about $35 million, whereas bitcoin ETFs misplaced roughly $1.70 billion and ether ETFs shed $309 million, in keeping with SoSoValue information.
That divergence comes as XRP stays one of many few giant tokens with a selected coverage and product narrative. Merchants are watching U.S. market-structure laws, XRP ETF adoption and whether or not institutional demand for the token can continue to grow whilst bitcoin and ether funds see redemptions.
The move story additionally lands in opposition to an older XRP treasury thread that continues to be unresolved.
In October 2025, Bloomberg reported that Ripple Labs was main an effort to boost at the very least $1 billion by means of a SPAC to build up XRP inside a brand new digital asset treasury car. Ripple was additionally anticipated to contribute a few of its personal XRP, the report mentioned on the time.
CoinDesk has reached out to Ripple for affirmation and an replace on whether or not the plan superior, modified or was shelved.
If accomplished, the deal could be among the many largest identified XRP treasury car to this point. Digital asset treasury firms grew to become considered one of crypto’s greatest stock-market trades in 2025, as listed companies used SPACs, reverse mergers and fairness issuance to purchase tokens. The mannequin labored whereas crypto costs rose and traders paid premiums for balance-sheet publicity.
Nonetheless, the context issues as a result of XRP is now displaying two doable demand channels. ETF consumers including publicity in public markets and, if nonetheless lively, a possible treasury-company construction constructed round accumulating the token.
UPDATE (Could 30, 12:08 UTC): (An earlier model of this story targeted on a October 2025 Bloomberg report that mentioned Ripple was main a deliberate $1 billion XRP treasury increase. CoinDesk has reached out to Ripple for affirmation on whether or not the plan stays lively.)
