New York, May 10, 2026, 14:06 EDT
Spot XRP ETFs in the U.S. pulled in $6.04 million in net inflows on May 8, pushing total net inflows to $1.325 billion as investors continued to pile into regulated XRP products. Canary Capital’s XRPC was the sole fund to notch a net inflow during the session, bringing its historical total up to $438 million, according to ChainCatcher’s report on Bitget, citing SoSoValue data.
Timing is key here. The most recent move comes right after a three-day inflow streak in May, totaling roughly $28.1 million from May 4 to May 6—sustaining interest in the XRP ETF trade, even as the token lost steam after earlier advances. Since launching in November 2025, the funds have posted positive weekly flows in about 77% of weeks, seeing outflows just six times, according to 24/7 Wall St. in a piece published by Yahoo Finance.
Franklin Templeton’s XRPZ only muddied the split further. According to TipRanks, the Franklin XRP ETF brought in $5.42 million on May 7—about 2.1% of its $257.1 million in assets under management—while XRP itself changed hands at $1.4284 and flashed a one-day technical “Sell” signal. That’s hardly a flood of risk appetite. More likely: targeted bets. TipRanks
A spot ETF lets investors tap into the underlying asset’s performance, minus the hassle of holding the token themselves. According to Canary, XRPC is designed to track XRP’s price—net of fees and liabilities—through its trust. The firm’s ETF FAQ notes that digital-asset ETFs are listed on public exchanges and typically available on most brokerage platforms.
XRP hovered near $1.50, gaining 5.76% over the last 24 hours and bringing its market capitalization to roughly $92.9 billion, according to CoinMarketCap, where it stood as the fourth largest cryptocurrency. While that bounce lends some backing to ETF inflows, it falls short of settling the friction between new fund interest and a coin still lagging its previous cycle peaks.
This week’s inflow numbers arrived as Ondo Finance announced it had pulled off a near-instant, cross-border redemption of tokenized U.S. Treasuries, working with Kinexys by J.P. Morgan, Mastercard, and Ripple. Tokenizing a Treasury fund—putting it on a blockchain—let Ondo settle the asset side on the XRP Ledger in under five seconds, the company said. Ondo President Ian De Bode described the milestone as pushing closer to “24/7 global markets.” RippleX’s Markus Infanger argued the pilot proved that institutions can handle cross-border deals as a “single, integrated flow.” PR Newswire
The story behind XRP ETF demand boils down to this: supporters want regulated access to a token they say offers a payments and settlement angle, not simply another trade. Back in April, Ripple highlighted Bitwise CIO Matt Hougan’s comments pegging the launch to “significant demand for unique assets.” According to Ripple’s post, some investors are pairing XRP ETFs with their bitcoin and ethereum holdings. Ripple
Franklin’s product page puts XRPZ’s total net assets at $263.17 million as of May 10. The fund, designed to generally track the price of XRP before factoring in expenses, began trading on NYSE Arca on Nov. 24, 2025. The gross sponsor fee stands at 0.19%, while the net sponsor fee is currently shown as zero.
The risk is hard to miss. Franklin’s factsheet spells it out: XRPZ isn’t a straight play on XRP. The fund holds only XRP and cash—not a diversified mix. Volatility? Other portfolios should see less. There’s also a caution on the U.S. digital-asset space, where regulatory uncertainty still hangs over the market. Plus, ETF or ETP shares don’t always track net asset value—they can trade above or below it.
The read on the market right now? Mixed. Cash keeps finding its way into XRP ETFs, though most of the action today belonged to a single issuer. XRP itself hasn’t posted the decisive price moves that might translate ETF demand into a bigger rally. Eyes are on whether inflows stretch past Canary and Franklin—and if token buyers start chasing the funds.
