Institutional demand for XRP, the cryptocurrency linked to the Ripple network, continues to accelerate. Bitwise Asset Management CEO Hunter Horsley announced that XRP exchange-traded products in the US and Europe have exceeded $200 million in year-to-date net inflows. The Bitwise XRP ETF, trading on the New York Stock Exchange under tickers such as XRP or 1XRP, debuted in late 2025 and holds spot XRP in cold storage, offering regulated exposure to the token. Its market capitalization now stands at $256.85 million.
European and US Product Suite
Before the US launch, Bitwise introduced the Bitwise Physical XRP ETP (ticker GXRP) on Germany's Xetra in April 2022, well ahead of SEC-approved spot ETFs. Each unit of the European fund represents a claim on a fixed amount of XRP. Together, these products have attracted significant capital, with the US ETF alone contributing to the $200 million milestone.
Steady Weekly Inflows
Despite broader market headwinds, XRP ETF inflows have remained consistent. On June 22, total spot XRP ETF inflows reached $4.72 million, following $2.15 million on June 18 and $4.28 million on June 16. The largest single-day inflow in June was $6.37 million on June 9. Among issuers, Franklin Templeton's XRPZ led with $6.69 million, while Bitwise's product added $3.97 million. Cumulative inflows have pushed the global spot XRP ETF market capitalization past $722 million.