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XRP continues to trade lower despite strong institutional flows. The token trades near $1.93 at the time of writing, reflecting a 7.1% decline over the past seven days and a 13.4% drop over the last 30 days. Over a three-month window, XRP has fallen 36.7%, mirroring pressure across the broader crypto market. Yet beneath that price trend, capital flows tell a very different story. Why does demand keep rising while prices fall?
Ripple CEO Highlights Inflow Streak
Ripple CEO Brad Garlinghouse drew attention to that divergence on social media. He confirmed that U.S. spot XRP exchange-traded funds have recorded “30 straight days of net inflows.” The statement arrived as data showed XRP ETFs continuing to attract capital while larger crypto funds moved in the opposite direction.
Garlinghouse’s comment placed the spotlight squarely on ETF behavior rather than price performance.
XRP ETFs Reach a Major Milestone
U.S. spot XRP ETFs surpassed $1 billion in cumulative inflows on Monday, according to data from SoSoValue. The milestone came just weeks after the first spot XRP ETF began trading on Nov. 13. On Monday alone, the products attracted $10.89 million in net inflows, with funds from Canary, Grayscale, and Franklin Templeton all reporting fresh capital. Those daily inflows lifted cumulative totals to roughly $1 billion, while total net assets climbed to about $1.18 billion.
Source: SosoValue
Market participants noted the significance of that pace. Kronos Research CIO Vincent Liu said the milestone reflected growing institutional appetite for regulated exposure beyond bitcoin and ether. He pointed to improving regulatory clarity and differentiated narratives as drivers of early positioning, even as macro conditions remain cautious.
A Sharp Contrast With Bitcoin and Ether
The XRP ETF inflow streak stands out against the broader ETF landscape. Spot bitcoin ETFs reported $357.7 million in net outflows on Monday, marking their largest single-day exit in nearly a month. Fidelity’s FBTC led the decline with $230.1 million in outflows, followed by losses from Bitwise’s BITB and funds managed by Grayscale, Ark & 21Shares, and VanEck.
Spot ether ETFs followed a similar path. Those products recorded $224.8 million in net outflows, their largest daily withdrawal since Nov. 20. Bitcoin’s price reflected the pressure, sliding from around $89,000 to near $85,500 before stabilizing slightly above $86,000 in early Tuesday trading.
Liu attributed the moves to renewed macro uncertainty. He cited cautious interest-rate expectations, unwinding leverage, and thinning year-end liquidity as factors driving rotation into safer assets. In that environment, bitcoin and ether acted as liquidity proxies. XRP ETFs did not.
Thirty Days Without a Single Redemptions Session
Data through mid-December shows U.S.-listed spot XRP ETFs have attracted capital every trading day since launch. As of Dec. 12, cumulative net inflows reached roughly $975 million, with no single session posting net redemptions. That uninterrupted streak separates XRP products from more established crypto ETFs, which saw stop-start flows tied closely to macro headlines.
Source: X
The consistency suggests a different use case. Analysts note that investors appear to treat XRP ETFs as a structural allocation rather than a tactical trading tool. While bitcoin ETFs often reflect short-term shifts in risk appetite, XRP funds seem to draw interest based on asset-specific considerations.
Structural Allocation Gains Attention
The flow profile highlights a broader shift within the crypto ETF market. Investors no longer concentrate exposure solely in bitcoin and ether. Instead, they increasingly distribute capital across alternative assets tied to payments, settlement, and infrastructure use cases. XRP’s association with cross-border payments positions it within that narrative.
Spot Solana ETFs offer a useful comparison. Those products recorded $35.2 million in net inflows on Monday, lifting cumulative inflows to $711.3 million since their October launch. While smaller than bitcoin and ether products, both Solana and XRP ETFs continue to attract steady capital during volatile conditions.
Flows Lead, Prices Lag
XRP’s price remains under pressure for now. Still, ETF data shows sustained demand from investors seeking regulated exposure outside the two largest cryptocurrencies. Thirty straight days of inflows underscore that pattern. Does price eventually follow flows? Markets will decide, but the divergence has become hard to ignore.
