XRP ETFs Attract $19.46M Inflows as XRPI Falls to $8.81 and XRPR Slips to $12.63

XRP ETF Forecast: XRPI, XRPR and Bitwise XRP fund under heavy volatility

XRP-USD trades around $1.60 while XRPI and XRPR sit at 52-week lows

Spot XRP-USD is hovering near the $1.55–$1.60 band after a sharp slide that drove the token down to roughly $1.53 this week and briefly pushed it under key support at $1.50. On the equity side, the flagship XRPI ETF on NASDAQ closed near $8.81, down about 5.1% on the day with a decline of $0.47, after trading in a tight intraday band between $8.62 and $9.01. That places XRPI at the very bottom of its 52-week corridor of $8.62 to $23.53, effectively pricing in a full round-trip from its post-launch enthusiasm to current risk-off conditions.
The XRPR fund on BATS is seeing similar pressure. It last changed hands around $12.63, down roughly 5.0% for the session with a $0.66 pullback, after moving between $12.34 and $12.91 intraday. Its 52-week range of $12.34 to $25.99 tells the same story: the market has compressed valuations back to the launch zone, even as XRP itself still trades near $1.60 rather than retesting the old $0.50–$0.80 region. Liquidity also differs across the pair. XRPI averages about 503,000 shares daily, while XRPR turns over only around 11,700 shares, making XRPI the more efficient exposure when sizing in or out under stress.

XRP ETF complex absorbs $19.46M in a day with $1.20B cumulative inflows

Despite spot weakness, XRP-dedicated ETFs are not being abandoned. Recent flow figures show a single-day net inflow of roughly $19.46 million into the XRP ETF suite on 3 February. That pushes cumulative net inflows to about $1.20 billion since launch and total net assets to roughly $1.11 billion, representing about 1.1% of XRP’s free-float market capitalization.
Daily trading turnover across XRP ETFs reached about $49.17 million, which is meaningful depth for an altcoin wrapper. In other words, capital is not fleeing the structure; it is rotating within it. The ETFs are becoming the primary regulated gateway for directional exposure to XRP-USD, particularly for mandates that cannot touch spot tokens directly.

Issuer breakdown: XRPI, XRPR and the wider XRP ETF stack

Under the hood, the XRP ETF universe is already segmented by issuer, size and risk profile. The XRPC product sponsored by Canary on NASDAQ sits at the top of the stack with cumulative net inflows of about $405.41 million and assets around $296.59 million, equal to roughly 0.30% of the XRP market. Its latest closing price was near $17.19 with a modest daily gain of about 0.23%, on volume of roughly 236,960 shares and value traded around $3.99 million.
On CBOE, the TOXR fund from 21Shares has cumulative inflows approaching $314.54 million and assets near $195.42 million, or about 0.25% of the XRP pie. Price action there was firmer, with a close around $15.81 and a daily gain near 0.51%, on about $1.08 million notional traded and 70,670 shares.
The XRP ETF Bitwise vehicle listed on NYSE, trading under the simple ticker XRP, recorded a daily net inflow of $4.82 million, bringing its asset base to roughly $272.38 million, about 0.28% of XRP’s capitalization. That fund closed around $18.07 with $24.94 million transacted on volume of roughly 1.42 million shares, signalling that Bitwise has become one of the liquidity centers for institutional XRP exposure.
Franklin’s XRPZ ETF, also on NYSE, logged $12.13 million of fresh money on the same day and now controls about $246.85 million of assets, or roughly 0.25% of the XRP float. XRPZ closed near $17.57, up about 0.11%, with $8.11 million in trading value and around 471,620 shares changing hands.
Grayscale’s GXRP, positioned at the higher-price end of the spectrum, saw a daily net inflow of roughly $2.51 million and now runs about $195.42 million in assets. The ETF closed around $31.33, marginally positive on the day at about +0.16%, with $11.04 million traded and 361,400 shares in volume.
Within this stack, XRPI, XRPR and the Bitwise XRP ETF form the core of the U.S. listed complex alongside Canary and Franklin. Pricing and flows across the group show a consistent picture: capital is not deserting XRP ETFs, but it is rotating among issuers depending on fees, tracking quality and secondary-market liquidity.

Bitwise XRP ETF: listing at $24.15, now grinding near $18.07

The Bitwise XRP ETF launched in late 2025 around $24.15 per share and quickly ran up to a peak near $26.88. That initial phase coincided with strong enthusiasm after the green light for XRP ETFs and the broader altcoin rally. Since the start of 2026, the tone changed. With XRP sliding and macro headwinds rising, the fund has dropped to about $18.07, with intraday lows around $17.63.
That implies a drawdown of roughly 25% to 30% from the launch zone and about 33% from the peak. For allocators who chased the first-days hype, the ETF has delivered outright losses so far in 2026 despite the regulated wrapper. The volatility is not surprising: the product tracks XRP-USD and inherits its swings, but levered capital and institutional flows through the ETF layer magnify both moves and reversals.
The key takeaway is that performance dispersion inside the XRP ETF universe is already visible. Bitwise XRP ETF sits in the red for early entrants even as inflows continue, meaning a growing share of the float is held at higher cost bases that may act as overhead supply on every rally back toward the mid-$20s.

Institutional footprint: Bank of America’s XRP ETF allocation and the step into RLUSD rails

One of the more strategic signals comes from a recent disclosure by a major U.S. bank. A filing shows Bank of America holding roughly 13,000 shares of a Volatility Shares XRP ETF, with a market value near $224,640. In the context of the bank’s total balance sheet, that exposure is trivial. The signal is not the size; it is the direction.
Earlier in January, the same institution allowed its wealth desks to begin recommending crypto ETFs for the first time, with typical allocations capped around 1%–4% of portfolios and restricted to regulated products. That internal policy change aligns with the ETF purchase and with a broader push to use Ripple-linked rails, including RLUSD-based cross-border settlement, in specific payment corridors.
For XRP ETF products such as XRPI, XRPR and the Bitwise XRP ETF, this type of incremental institutional adoption matters in two ways. First, it expands the potential buyer base beyond pure crypto-focused funds. Second, it legitimizes the wrapper as a compliance-friendly avenue for exposure to XRP-USD, facilitating inflows from pension plans, advisory platforms and bank-managed accounts. The dollar figures today are modest, but the footprint is widening.

From January stress to early-February accumulation: flow regime for XRP ETFs

January was rough for XRP ETF flows. Over Week 4, the complex saw net redemptions of around 21.3 million XRP-equivalent units. Week 5 extended the damage with roughly 31 million XRP leaving ETFs, largely because one large issuer sold down more than 53 million XRP over a few sessions. These numbers matched the spot slide and the broader de-risking across crypto, as volatility picked up and macro uncertainty intensified.
By contrast, the first two sessions of Week 6 flipped back to accumulation. XRPs products logged net inflows of about 12.6 million XRP in that short window, with gross inflows of 13.15 million XRP swamping outflows of only 590,000 units. Total XRP held across ETFs finished the week around 755.5 million tokens. Over recent weeks, that aggregate holding has oscillated between roughly 755 million and 808 million XRP, indicating resilience: even during drawdowns, only a slice of the capital actually leaves the ETF channel.
This pattern shows a market that trades tactically around XRP-USD rather than abandoning it. Redemptions spike when volatility hits and then cool as buyers step into weakness, using products like XRPI, XRPR and the Bitwise XRP ETF to layer exposure at lower levels.

Derivatives positioning: open interest slides from $10.9B to $2.61B

While ETF flows look constructive, the derivatives market tells a different story. Futures open interest on XRP has been in a persistent downtrend. After hitting a record near $10.94 billion when XRP-USD printed an all-time high by touching about $3.66 on 18 July, OI retreated to roughly $8.36 billion by 10 October, then to around $4.55 billion as of early January and now to just $2.61 billion.
That collapse in open interest signals that speculative leverage is being taken off. Participants are closing futures positions instead of recycling them, and fewer new contracts are being opened. The result is lower liquidity on derivatives venues and a market more dependent on spot and ETF flows for direction.
The combination of falling OI and still-elevated realized volatility makes the setup fragile. Price shocks can travel further when there is less opposing leverage to absorb them. This helps explain why XRPI and XRPR can lose around 5% in a single session while XRP moves “only” from roughly $1.66 to $1.60: ETF holders are repositioning into thin conditions.

Technical picture for XRP-USD: pivotal band at $1.53–$1.77

From a chart perspective, XRP-USD is sitting right at a decision zone. The daily Relative Strength Index has slipped towards the low 30s, barely above oversold. That indicates downside momentum is slowing but not yet reversed. A sustained push of the RSI back through the 50 midline would be the first sign that the current selloff has exhausted itself.
Price-wise, the token reclaimed the $1.60 area after sweeping liquidity down to about $1.53 on Tuesday. On the upside, the next supply pockets sit near $1.65 and $1.77, with $1.66 tested earlier this week and $1.77 previously acting as support in December. Clearing those zones with volume would put the $1.90–$2.00 band back on the table and provide breathing room for ETF prices, including XRPI, XRPR and the Bitwise XRP ETF, which are all trading at heavy discounts to recent highs.
On the downside, a close back under $1.60 reopens the path to retest $1.53 and the psychological $1.50 level. A decisive break below $1.50 would likely trigger another wave of long liquidations and could drag XRPI toward the low-$8s and XRPR closer to $12 or even below, given their current proximity to 52-week floors.

Behaviour inside XRPI and XRPR: leverage to XRP with different liquidity and beta

At the ETF level, XRPI and XRPR translate the same spot narrative into different liquidity and beta profiles. XRPI at $8.81 with an average volume above 500,000 shares acts as the liquid workhorse. It reacts quickly to shifts in spot XRP-USD and to changes in risk appetite, as seen in the 5% daily loss despite relatively modest spot moves. For allocators who need tight spreads and depth, XRPI is the natural instrument.
XRPR, with a price of $12.63 and only around 11,700 shares trading on a typical day, moves in a more gapped fashion. Spreads can widen when volatility spikes, making execution more sensitive. The upside of XRPR’s thinner float is that flows can have a bigger mechanical impact on price; a relatively small buy program can push the ETF off the lows quickly if selling pressure eases.
Both trade as proxies on the same XRP ETF flow story. They are shaped by the same macro backdrop, the same derivatives unwind and the same cross-asset rotation that has seen Bitcoin ETFs lose $272 million in a single day while altcoin ETFs, including XRP, chalked up around $35 million in combined inflows.

Macro and cross-crypto context: Bitcoin ETF outflows, altcoin ETF inflows

The current phase for XRP ETF products cannot be separated from the broader crypto allocation picture. Recent figures show U.S. spot Bitcoin ETFs suffering about $272.02 million in net outflows in a single session, led by redemptions of roughly $148.70 million from a major low-fee BTC fund. That followed a short-lived rebound of around $561.9 million in inflows the previous day and capped a multi-week pattern of selling that also pushed Bitcoin ETF net assets below the $100 billion mark, to roughly $97.01 billion.
At the same time, Ethereum ETFs posted net inflows near $14.06 million, Solana funds drew about $1.24 million and XRP ETFs secured that $19.46 million daily intake. Combined, these non-Bitcoin products added roughly $35.30 million on the day, partially offsetting Bitcoin’s redemptions but still leaving the overall crypto ETF market with about $236.72 million in net withdrawals.
The message is clear: allocations are rotating inside the asset class. Capital is trimming BTC-USD exposure through ETF channels and redirecting a fraction of that risk budget into XRP-USD, ETH-USD and SOL-USD wrappers. For XRPI, XRPR and the Bitwise XRP ETF, this environment is a double-edged sword. It provides inflow support, but it is happening against a backdrop of shrinking overall risk appetite and a heavy overhang of unrealized losses from higher entry levels.

On-chain and exchange dynamics: shrinking XRP supply on Binance supports accumulation thesis

Beyond ETFs and futures, on-chain data points to a slow structural shift. XRP balances on a major centralized exchange have been trending down, with the share of supply on that venue sliding from the 3.1% area toward closer to 2.7%. That pattern indicates that holders are moving XRP-USD into self-custody rather than keeping it parked in order books ready to sell.
This behavioural change matters for ETFs. If more tokens are held off-exchange, the available float to meet redemptions and arbitrage can tighten during stress. At the same time, reduced exchange balances tend to cap the size of spot-led liquidation cascades, supporting the idea that dips toward $1.50–$1.53 are increasingly dominated by structural buyers rather than weak hands.
For XRP ETF vehicles, a backdrop of shrinking exchange supply plus positive net inflows is constructive. It implies that the ETF layer is not being used as a dumping ground; it is acting as an accumulation vehicle alongside private wallets.

Buy, sell or hold: stance on XRPI, XRPR and Bitwise XRP ETF

Pulling everything together, the picture is nuanced but not neutral. Spot XRP-USD is sitting around $1.55–$1.60, well below the $3.66 peak but still far above the pre-rally base. XRPI at $8.81 and XRPR at $12.63 trade right on top of their 52-week lows. The Bitwise XRP ETF has slipped from a $24.15 launch and $26.88 high to roughly $18.07, locking in clear losses for early adopters.
At the same time, XRP ETFs as a group show cumulative inflows of about $1.20 billion, total assets near $1.11 billion, and a fresh $19.46 million day of net buying. Institutional names like Bank of America have started to disclose XRP ETF positions, even if ticket sizes are still small. On-chain exchange balances are drifting lower, hinting at accumulation, while futures open interest has reset from $10.9 billion to $2.61 billion, flushing out a large portion of leveraged speculation.
Given those factors, the risk-reward for XRPI, XRPR and the Bitwise XRP ETF now skews toward a speculative Buy rather than a passive Hold or panic Sell, but only for capital that can tolerate significant volatility. Prices are pinned near the bottom of the recent range, structural inflows are positive, and institutional participation is expanding, yet macro and crypto-wide risk factors remain acute.
The base case is that as long as XRP-USD can defend the $1.50 area and ETFs continue to attract tens of millions of dollars in periodic inflows, current levels in XRPI, XRPR and the Bitwise XRP ETF represent entry points for aggressive positioning, with the understanding that any decisive break below $1.50 in the token will almost certainly deliver another leg lower for all three wrappers before the next cycle leg higher.

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