TL;DR
- XRP ETF inflows: XRP-linked funds added $8.88 million in the latest session, extending a weeklong streak of positive XRP ETF flows even as major crypto products saw redemptions.
- Market divergence: Bitcoin and Ether funds posted significant outflows, highlighting how XRP funds activity stands out during a period of broader market weakness.
- Onchain signals: A spike in new XRP wallets adds another data point, though network growth remains below late 2025 levels, raising questions about whether the XRP funds trend reflects rotation or short-term speculation.
XRP held near $1.37 by midday Hong Kong time on Thursday, supported by a mix of fresh ETF activity and onchain signals that hint at a possible shift in trader positioning. While the broader crypto market struggled for direction, the latest numbers show some investors may be rotating into XRP as Bitcoin and Ether remain under pressure. That backdrop has pushed the XRP ETF narrative back into focus, especially as inflows continue to build.
XRP ETF flows strengthen as major crypto products see outflows
CoinGlass data shows XRP ETF products pulled in $8.88 million in the latest session, extending a run of positive activity that included $18.52 million on May 14 and $10.87 million on May 15. Across the past week, XRP ETF inflows have reached roughly $42 million, a notable contrast to the redemptions hitting the largest listed crypto funds. Bitcoin ETFs lost another $100.9 million in the latest session, adding to earlier outflows of $648.6 million, $331.1 million, and $290.4 million. Ether products also struggled, with $32.6 million leaving the market.
The divergence has caught analysts’ attention. While the XRP ETF trend is still modest compared to the scale of Bitcoin products, the consistency of inflows stands out during a period when capital has been exiting the biggest crypto vehicles. Even so, XRP’s broader network growth remains weaker than late 2025 levels, tempering the more optimistic interpretations of the recent XRP ETF momentum.
Onchain activity adds another signal, but caution remains
XRP recorded the fourth-largest daily spike in wallet creation this year, with 4,300 new wallets added in 24 hours, according to Santiment. Fresh wallet creation can sometimes align with rising interest in XRP ETF products, especially when capital inflows and network activity move in the same direction. Still, the broader chart shows network growth trending lower since late 2025, making the latest jump look more like a sharp one-day move than a sustained shift.
For traders, the question is whether the XRP ETF inflows represent the early stages of a broader rotation or simply a short-lived burst of speculative positioning while Bitcoin and Ether remain under pressure. The next sessions will reveal whether this XRP ETF trend has real staying power.
