Ripple CEO Brad Garlinghouse has highlighted the remarkable performance of spot-based XRP exchange-traded funds (ETFs).
In a simple post on X, Ripple CEO reignited public interest in XRP as spot ETFs showed resilience amid the ongoing price slump.
Key Points
- Ripple CEO Brad Garlinghouse highlighted the resilience of XRP spot ETFs, which continued attracting capital despite XRP’s price decline.
- Data from Bloomberg shows ETF inflows rising from $150 million on November 13, 2025, to about $1.44 billion by March 4, 2026.
- XRP currently trades around $1.37, yet cumulative ETF inflows still exceed $1.2 billion.
- Total net assets across XRP ETFs have fallen below $1 billion.
Ripple CEO Reacts to XRP ETFs’ Strong Performance
Garlinghouse reacted to commentary from James Seyffart of Bloomberg Intelligence, who noted that XRP ETFs continue to attract capital even as the underlying asset’s price declines. According to Seyffart, cumulative inflows into the products reached about $1.4 billion as of March 4, reflecting steady institutional demand.
Notably, data from Bloomberg shows inflows rising consistently from about $150 million on November 13, 2025, when Canary Capital launched the first XRP ETF, to roughly $1.44 billion by March 4, 2026.
In response, Garlinghouse reacted with a simple ‘eyes’ emoji, which many XRP enthusiasts interpreted as an acknowledgment of the milestone.
XRP ETF Inflows Soar Despite Price Dip
Since the first ETF launched in mid-November, these funds have recorded mostly consistent inflows, with only a few days of outflows. By mid-December, cumulative net flows had already surpassed $1 billion despite a sharp decline in XRP’s price.
For context, XRP traded at around $2.50 when the first spot ETF began trading in the U.S. However, the token dipped below $2 in December.
Nonetheless, institutional investors continued allocating funds, pushing ETF inflows past the $1 billion mark. With XRP now trading around $1.37, the products hold more than $1.2 billion in cumulative inflows as of press time.
This trend contrasts with typical trading behavior, where capital often exits during price declines. Instead, steady ETF inflows suggest institutional investors have used market weakness to accumulate XRP exposure.
Net Assets Fall Below $1B
Although XRP ETF inflows stand at $1.21 billion, total net assets have fallen below $1 billion. At press time, combined assets across XRP ETFs stood at $985.73 million, largely due to four consecutive days of outflows between March 5 and 10.
Currently, the Canary XRP ETF (XRPC) leads the U.S. market with $273.02 million in net assets. It recently reclaimed the top spot from the Bitwise XRP ETF, which now ranks second with $264.88 million in assets.
Meanwhile, the Franklin XRP ETF, 21Shares XRP ETF, and Grayscale XRP ETF hold the third, fourth, and fifth positions, with net assets of $225.65 million, $156.11 million, and $66.07 million, respectively.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
