XRP spot ETFs pull $1.4B in inflows despite XRP price slump

XRP spot ETFs are bucking the broader crypto slump, drawing about $1.4B in cumulative net inflows since launch in November 2025, even as XRP’s price has fallen sharply. JPMorgan highlighted a cross-asset divergence: gold and silver ETFs have seen heavy outflows amid higher rates and a stronger dollar, while Bitcoin products—and now XRP spot ETFs—remain supported by steady demand. JPMorgan’s note says Bitcoin spot funds attracted roughly 1.5% in new assets after the latest Middle East flare-up, while SPDR Gold Shares (GLD) saw outflows totaling about 2.7% of AUM. For XRP, Bloomberg analyst James Seyffart (data via SoSoValue) shows ETF inflows rising from around $150M in mid-November to about $1.44B by early March. This happened while XRP dropped roughly 33% over the past 90 days and about 24% year-to-date to around $1.38. Analysts describe the pattern as concentrated conviction rather than broad retail speculation. Ripple CEO Brad Garlinghouse framed the flows as a shift toward regulated access to XRP after the company’s SEC case progress. Market framing: JPMorgan also links the ETF demand resilience to a macro rotation away from precious metals and toward crypto as an alternative hedge. Traders may watch whether XRP spot ETFs can keep soaking up supply and dampen downside if risk appetite returns.