XRP spot ETFs have attracted $1.4 billion since launching in late 2025, yet the token has fallen 52% over the past year — a divergence that raises questions about how ETF demand translates into price support.
XRP spot ETFs have attracted $1.4 billion since launching in late 2025, yet the token has fallen 52% over the past year — a divergence that raises questions about how ETF demand translates into price support.

XRP spot ETFs have drawn $1.4 billion in cumulative inflows since late 2025, yet the token fell 52 percent over the past year.
The $1.4 billion in inflows, tracked by CoinShares' weekly digital asset flow reports, represents a fraction of XRP's circulating market value, suggesting ETF demand has not been large enough to counterbalance broader sell pressure, analysts said.
The 52 percent decline over 12 months contrasts with Bitcoin's trajectory after its spot ETF approval in January 2024, when sustained inflows helped push prices higher. XRP's divergence points to a structural imbalance where institutional buying via ETFs is being overwhelmed by other sources of supply, including periodic token distributions from Ripple's escrow releases and broader rotation away from altcoins.
The divergence tests the assumption that ETF access mechanically boosts token prices. If $1.4 billion in inflows cannot prevent a 52 percent decline, the relationship between ETF demand and spot price may be weaker than many investors assumed. The next milestone arrives as the T. Rowe Price Active Crypto ETF — approved by the SEC and including XRP alongside Bitcoin, Ethereum, Solana and Cardano — begins channeling additional institutional capital into the token.
The T. Rowe Price fund, an actively managed vehicle that selects between five and 15 digital assets, uses USDC for liquidity management and rebalancing. T. Rowe Price oversees more than $1.8 trillion in assets, giving the fund significant potential to direct institutional money toward XRP. The ETF's inclusion of XRP alongside four other tokens means any price impact will depend on the fund's allocation weights, which the manager adjusts based on fundamentals, valuation and momentum.
XRP's 52 percent decline also reflects broader headwinds across the altcoin market. The total crypto market capitalization climbed $80 billion in the 24 hours to June 15 as geopolitical tensions eased, with Bitcoin rebounding to around $66,000 and major altcoins recovering alongside, according to CoinGecko. Yet XRP remains down sharply from its levels a year ago, underperforming both Bitcoin and Ether over the same period.
The token's supply dynamics add another layer of pressure. Ripple, the company behind XRP, continues to release tokens from its escrow accounts on a monthly basis, adding to circulating supply. While some of those tokens are re-locked, the net effect has been a steady source of sell pressure that ETF inflows have not fully offset.
For XRP holders, the data raises a difficult question: if $1.4 billion in institutional inflows cannot lift the price, what will? The answer may depend on whether the T. Rowe Price fund and similar products can scale their XRP allocations to a level that meaningfully absorbs supply — a process that could take quarters, not weeks.
This article is for informational purposes only and does not constitute investment advice.