Bitwise’s XRP fund has pulled in about $10 million in weekly inflows, helping it become the largest U.S. XRP exchange-traded fund by assets. Recent market reports put the fund near $289 million in AUM, narrowly ahead of rival products, showing that institutional demand for XRP exposure has remained resilient even as the token itself has struggled.
That matters because XRP is still trading well below earlier cycle highs. The token is currently around $1.35, according to live crypto pricing data, which means institutional buyers are stepping in while sentiment remains mixed rather than chasing strength at euphoric levels.
Bitwise moves to the front of the U.S. XRP ETF market
The latest inflow figures suggest Bitwise has taken the lead in a rapidly expanding XRP ETF segment. Reports this week indicate that the U.S. spot XRP ETF market now holds roughly $1.08 billion in total assets, with cumulative net inflows around $1.25 billion to $1.26 billion across the category. Bitwise’s recent gain appears to have been enough to push it just ahead of Canary Capital in the race for the top spot.
That is a notable shift because the product only launched in November 2025, after U.S. rules for crypto spot ETFs were loosened. Reuters and Investopedia both reported in 2025 that the SEC adopted generic listing standards that made it easier for exchanges to list additional spot crypto ETFs beyond Bitcoin and Ether, opening the door for products tied to assets such as XRP.
What the inflows may be signaling
The main takeaway from the latest data is not necessarily that a breakout is imminent, but that professional investors still want exposure. In a weak tape, that kind of allocation often reflects medium- to long-term positioning rather than short-term momentum trading. The fact that Bitwise gained market share while XRP remains under pressure suggests some institutions see the current range as an accumulation zone rather than a warning sign.
That said, ETF demand alone does not guarantee a rally. The broader XRP ETF complex has also shown that flows can reverse quickly. One market report published today said U.S. XRP ETFs just recorded their first negative weekly balance since late January, with a net loss of $4.09 million for the first week of March after a sharp Friday withdrawal.
XRP price outlook remains wide open
From here, the near-term outlook depends on whether ETF inflows stabilize again and whether XRP can hold current support levels. With XRP around $1.35, the market is still far from pricing in an aggressive institutional adoption boom.
The bullish case is straightforward: if ETF flows resume and the category keeps expanding, XRP could benefit from a stronger institutional bid and improving sentiment. The bearish case is just as clear: if crypto-wide risk appetite fades and XRP ETFs start seeing more outflows, the token could remain trapped in a lower range despite the product-market progress.
The bigger picture
The strongest fact on the table right now is that Bitwise’s XRP ETF is attracting real money and has moved to the front of the U.S. market. That does not prove XRP is on the verge of a major breakout, but it does show that institutional investors are still willing to build positions even in a shaky market. For XRP, that may be the most important signal of all: demand for regulated exposure is growing before price momentum has fully returned.
