Bloomberg experts discuss spot XRP ETFs: $1.4 billion in inflows — who is buying?
Bloomberg analysts James Seyffart and Eric Balchunas evaluated investor interest in spot XRP ETFs. According to the analysts, XRP ETFs have performed better than expected, despite the sharp decline in prices.
Seyffart noted that since the launch of spot XRP ETFs, total inflows have reached $1.4 billion. According to the analyst, this figure demonstrates continued investor interest, despite the sharp decline in the cryptocurrency market.
Seyffart made the following statement:
“Despite the significant price decline, XRP ETFs are performing quite well. Since launch, they have attracted a total of $1.4 billion. We only know a small portion of these investors because most of them do not file 13F reports.”
According to 13F filings, which institutional investors in the United States submit to disclose their portfolio holdings, as of December 31, 2025, 83 different institutional investors held spot XRP ETFs.
These investors include major financial institutions such as:
- Goldman Sachs
- Millennium Management
- Citadel Advisors
According to the data, the total assets under management of spot XRP ETFs are approximately $1.34 billion.
15.9% of this amount is reflected in 13F filings, while the majority of the remaining assets are estimated to belong to retail investors.
Seyffart, evaluating four groups of cryptocurrency ETFs he tracks, noted that Solana and XRP ETFs are the newest products, and emphasized that demand for XRP ETFs is largely driven by individual investors.
Balchunas noted that these results are notable given the market conditions:
“As with Solana, this is quite impressive. These ETFs launched during a roughly 45% market decline. Normally, it is almost impossible to see money flowing into ETFs in such conditions, especially new products.”
According to Balchunas, a significant portion of demand for XRP ETFs comes from loyal XRP investors:
“I assume that most of these investments are not coming from typical retail investors, but from investors who strongly believe in XRP.”
According to Bloomberg, Bitcoin and Ethereum still significantly dominate the spot cryptocurrency ETF market, while XRP and Solana ETFs, despite their relatively recent launch, have quickly begun attracting investors.
See also: "Bitcoin falls below $70,000 amid the conflict with Iran and CPI data"
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