Ripple’s Billion-Dollar XRP Bet Attracts ETF Investors While Bitcoin and Ether Funds Lose Ground
XRP is holding its ground in a market where the two largest cryptocurrencies are losing investor confidence fast. U.S.-listed spot XRP ETFs recorded $11.88 million in net inflows on May 29, according to SoSoValue data, extending a streak of positive flows that stands in sharp contrast to what Bitcoin and Ether funds are experiencing.
From May 20 to May 29, spot Bitcoin ETFs bled roughly $1.70 billion while Ether ETFs shed $309 million. XRP funds, in the same window, added about $35 million. That divergence is not a rounding error, it is a signal that a different kind of demand narrative is building around XRP.
Bitwise’s XRP ETF led daily inflows on May 29 with $7.36 million, followed by Canary’s XRPC at $2.38 million and Franklin’s XRPZ at $2.14 million. Total net assets across the U.S. XRP ETF category now stand near $1.12 billion, representing about 1.37% of XRP’s total market value, with cumulative net inflows reaching $1.42 billion.
The numbers are still modest compared to Bitcoin ETFs, which hold more than $94 billion in net assets. But the direction matters. Bitcoin ETFs have logged ten consecutive days of outflows as of May 29, while XRP products are still attracting fresh money.
What makes this more interesting is the backdrop. In October 2025, Bloomberg reported that Ripple Labs was leading an effort to raise at least $1 billion through a SPAC to accumulate XRP inside a new digital asset treasury vehicle, with Ripple also expected to contribute some of its own XRP holdings. That Ripple XRP treasury plan has not been officially confirmed, updated, or walked back, and CoinDesk says it has reached out to Ripple for comment.
If the Ripple XRP treasury plan proceeds, it would rank among the largest known XRP accumulation vehicles ever structured. The strategy echoes a broader 2025 trend in which publicly listed firms used SPACs, reverse mergers and equity raises to build token treasury positions, a model that gained traction while crypto prices were climbing and investors were willing to pay premiums for balance-sheet token exposure. You can read more on how that trend developed via Bloomberg’s original October 2025 report.
The Ripple XRP treasury plan, whether still active or quietly restructured, now sits alongside the ETF flow story as a second potential demand channel for the token. Traders are also tracking U.S. market-structure legislation and the broader question of whether institutional appetite for XRP can sustain itself even as Bitcoin and Ether see continued redemptions.
XRP’s price remains stuck in the low $1.30s despite the ETF inflows, which means the capital interest has not yet translated into a meaningful price breakout. But with the Ripple XRP treasury plan still unresolved and ETF products continuing to attract money in a week that punished almost everything else, XRP is one of the few assets in crypto right now with more than one institutional story being told about it.
