US listed spot XRP exchange-traded funds (ETFs) have now drawn about $1.68 billion in cumulative net subscriptions since they began trading last November, according to the latest industry tallies.
The figure underscores a durable, if uneven, institutional bid for regulated exposure to the token even as its market price has remained far below earlier peaks.
Data compiled by SoSoValue and reported on September 7 showed that the complex added another $18.96 million during the most recent trading week. Franklin Templeton’s XRPZ led the week with roughly $9.82 million of net creations, lifting that product’s lifetime inflows to about $473 million.
Canary Capital’s XRPC followed with $7.74 million, taking its historical total near $491 million.
Bitwise’s XRP fund, still the largest by cumulative subscriptions at about $599 million, posted a $3.32 million weekly outflow.
Combined net assets across the group stood near $1.48 billion, equal to roughly 1.69 percent of XRP’s market capitalization.
The gap between lifetime inflows and current assets under management reflects the usual mix of mark-to-market moves, fees, and the fact that capital arrived at different price levels over many months.
The products first listed in mid-November 2025, with Canary’s XRPC among the earliest.
They quickly distinguished themselves from larger bitcoin and ether funds by posting an unusually long streak of daily net inflows.
That streak later broke, and monthly totals cooled through much of 2026 before a late-August surge produced the year’s strongest weekly haul.
The latest week’s modest positive result keeps the cumulative tally at a new high even if the pace is no longer explosive.Issuers now include Bitwise, Canary, Franklin Templeton, Grayscale, and 21Shares, among others.
Filings and 13F data earlier this year showed investment advisers as the dominant holder category, with large trading firms also appearing among top positions.
That mix suggests the vehicles are being used both for tactical trading and for longer-term allocations rather than purely short-term speculation.For XRP itself, the ETF channel has become one of the more visible sources of incremental demand.
Tokens locked in fund custody reduce the float available on exchanges, though the effect is still small relative to total supply. Price action has not always tracked the flow data in lockstep; XRP has spent stretches of 2026 consolidating well below levels seen around the January rally, even while net creations continued on balance.
Observers continue to treat the products as a gauge of whether regulated altcoin vehicles can attract capital beyond the two largest crypto assets.
Early months after launch delivered the heaviest subscriptions.
Subsequent periods have been quieter, with occasional weeks of outflows or near-zero activity, followed by renewed interest when broader market conditions or issuer marketing improved.
The $1.68 billion milestone is therefore less a sudden spike than the running total of nearly ten months of creations minus redemptions. Whether that total keeps climbing at a meaningful rate will depend on the same factors that have governed crypto ETF flows generally: price trends, competing products, and investor appetite for assets other than bitcoin and ether.
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