TLDR
XRP exchange traded products have recently seen larger net inflows than those for Bitcoin and Ethereum over specific periods, driven mainly by European demand and capital rotation.
- CoinShares data shows XRP products drew about $119.6 million in weekly inflows, topping Bitcoins roughly $107 million while Ether funds saw outflows.
- XRPs leadership comes from a smaller ETP base, Europe led by Switzerland, and investors rotating out of pressured BTC and ETH narratives.
- Bitcoin and Ether still dominate ETF assets and liquidity, so the key question is whether XRP inflows persist or fade as positioning normalizes.
Deep Dive
1. What Actually Happened In Flows
A recent CoinShares report says crypto investment products saw about $224 million of inflows in a week, with XRP products leading at roughly $119.6 million, their largest weekly inflow since mid December 2025 and about 53 percent of total flows, while Bitcoin products took in around $107 million and Ether products lost about $52.8 million in outflows. Reports from outlets such as Decrypt and Yahoo Finance highlight that this made XRP the top weekly gainer in ETP flows ahead of BTC and ETH for that window, with year to date XRP inflows reaching about $159 million and representing roughly 7 percent of assets under management for XRP products. On a shorter horizon, U.Today cites data showing XRP ETPs had about $3.3 million of net inflows over one 24 hour period while Bitcoin and Ethereum products saw net outflows of about $159 million and $64 million respectively.
The headline is about relative leadership in a specific week or day, not XRP permanently overtaking BTC and ETH in institutional demand.
2. Why XRP Is Leading Right Now
Analysts note that much of the recent inflow into XRP products came from Europe, especially Switzerland, which accounted for roughly $157.5 million of the $224 million total inflows, indicating a geographically concentrated move in regulated products. Commentators argue the move looks like rotation under pressure rather than a structural flip, with capital leaving BTC and ETH products that face overhangs, such as macro uncertainty and US regulatory concerns over Ethereums staking and the proposed Clarity Act, and parking in XRP, which has regulatory clarity in some jurisdictions and is large enough to be liquid but smaller and less narrative burdened.
XRP can screen well in flow tables when a few tens of millions of dollars move, especially when BTC and ETH are simultaneously seeing outflows or muted flows.
3. XRP Flows Versus Long Term ETF Power
Despite the headline grabbing flows, Bitcoin and Ethereum still dominate ETF scale, with Bitcoin ETFs holding around 89.56 B and Ether ETFs about 12.94 B in assets, while US listed XRP spot ETFs collectively sit under one billion dollars in net assets and most of the recent XRP ETP demand is in Europe. Other reporting also stresses that XRPs strong weekly flows come after a first red month for US XRP ETFs, and that daily flow outperformance often reflects Bitcoin and Ethereum having temporary outflows rather than XRP becoming the primary institutional asset. The key signal to watch is whether XRP products continue to post sizable, repeated inflows across regions while BTC and ETH ETFs remain in net inflow, rather than only outperforming when majors are seeing redemptions.
For now this looks more like a positioning and geography driven blip than a regime change, so the forward test is whether XRP inflows stay positive once BTC and ETH regain consistent ETF demand.
Conclusion
XRP products have briefly topped Bitcoin and Ethereum in certain ETF and ETP flow windows, helped by a smaller base, European demand, and investors rotating away from pressured BTC and ETH narratives. Bitcoin and Ether still anchor the vast majority of ETF assets and liquidity, so the durable story will depend on whether XRP can keep attracting institutional money when conditions turn broadly risk on again rather than only during majors soft patches.
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