U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a run of positive flows as bitcoin and ether ETFs continued to bleed capital. The divergence, reported by CoinDesk at 11:35 a.m. UTC on May 30, 2026, draws on SoSoValue data and marks one of the sharpest splits in institutional appetite across major crypto ETF categories since the products launched.
Bitwise's XRP ETF led the May 29 group with $7.36 million, followed by Canary's XRPC at $2.38 million and Franklin's XRPZ at $2.14 million. Across the full May 20–29 window, U.S. spot XRP ETFs absorbed roughly $35 million in net inflows. Total net assets in the XRP ETF category stood near $1.12 billion — equal to about 1.37% of XRP's market value — while cumulative net inflows reached $1.42 billion.
Bitcoin told a different story. Spot bitcoin ETFs recorded $125.31 million in net outflows on May 29, the 10th consecutive day of redemptions. Over the same May 20–29 window, bitcoin ETFs lost approximately $1.70 billion. Ether products shed $17.91 million on May 29 alone and $309 million across the 10-day stretch.
The gap reflects something specific to XRP rather than a broad crypto-ETF tailwind. Traders are watching U.S. market-structure legislation, ongoing XRP ETF adoption, and whether institutional demand can hold even as the two largest crypto funds see sustained outflows. An older thread adds potential context: in October 2025, Bloomberg reported that Ripple Labs was leading a planned raise of at least $1 billion through a SPAC to accumulate XRP inside a digital asset treasury vehicle. That report remains unconfirmed. CoinDesk said on May 30 that it has reached out to Ripple for an update on whether the plan remains active, was modified, or was shelved. It is background, not a new development.
Bitcoin ETFs still dwarf the XRP category — they hold more than $94 billion in net assets — but the flow direction has reversed. For a token-specific ETF less than two years old, attracting capital while the market's benchmark products are in a 10-day outflow streak is the clearest signal yet that XRP has found a distinct institutional use case.