Spot XRP ETFs have seen nothing but daily inflows for the whole of May.

No Outflow Days Since April 30

Spot $XRP ETFs have now gone the entire month of May without recording a single day of net outflows. The last time investors pulled more capital than they put in was April 30, when net redemptions amounted to just $5.83 million. Since then, the products have attracted consistent daily inflows, bringing the monthly total to approximately $116.74 million. The funds collectively hold $1.13 billion worth of $XRP.

The unbroken run adds to an already strong year for the products. XRP spot ETFs have pulled in $1.39 billion in cumulative net inflows since their November 2025 launch, per SoSoValue, with May already surpassing April's $81.59 million to become the strongest month of 2026. That pace puts $XRP ahead of most other altcoin ETF products. In total, all spot XRP ETFs have added over $1.37 billion in inflows, making them the third-largest after Bitcoin and Ethereum.

Broader Context: Institutional Appetite Holds Firm

The consistency of inflows is notable given that broader crypto ETF demand has been uneven. The US spot XRP ETF recorded $60.5 million in weekly inflows at its strongest weekly performance of 2026, standing out while Bitcoin ETF products saw almost $1 billion in withdrawals over the same period and Ethereum products suffered approximately $65 million in withdrawals. Italy's largest bank, Intesa Sanpaolo, also drew attention after putting $18 million into the Grayscale XRP Trust.

The renewed interest follows Ripple's closing of a $200 million debt facility for its Ripple Prime brokerage and a successful pilot tokenized U.S. Treasury settlement on the XRP Ledger with JPMorgan, Mastercard, and Ondo Finance. @bgarlinghouse and the @Ripple team have pointed to these institutional use cases as evidence of real-world utility beyond speculative trading, a narrative that appears to be resonating with allocators.

Several major financial firms now offer XRP ETF products, including Franklin Templeton, Bitwise, Grayscale, Canary Capital, and 21Shares. XRP ETFs have recorded net positive inflows in roughly 77% of weeks since they launched in November 2025, with outflows occurring in just six weeks out of about 26 trading weeks.

Whether the pace of inflows is enough to translate into a sustained price move for $XRP remains an open question. May was the best inflow month of the year, and XRP still did not break out, suggesting the current run-rate of ETF demand is not yet the variable that re-rates the price.

Sources:
CoinDesk: Spot XRP ETFs Attract Biggest Inflows Since January
24/7 Wall St: Ripple XRP ETF Inflows Near $1.4 Billion
The Coin Republic: XRP Price Faces Key Test as ETF Inflows Hit 2026 High