Weekly Review of XRP ETFs: Has Demand Gone?

Here’s what happened to the Ripple ETFs this past week.

It was three months ago when the wait was finally over for the XRP army when the first spot exchange traded fund tracking the performance of their favorite assets was launched in the US.

The first days of trading were more than impressive and a few more funds joined the Ripple fleet. However, the past week has seen a rather worrying trend reversal.

Demand for XRP ETFs is slowing

XRPC of Canary Capital set a first-day trading volume record in 2025 when it launched on November 13 and remains the market leader despite the launch of four additional funds. It now has over $410 million in cumulative net inflows, followed by Bitwise’s XRP ($360 million) and Franklin Templeton’s XRPZ ($328 million).

The products went over a month without any red day in terms of net flows, quickly crossing the $1 billion mark. However, the green streak broke on January 7 and since then there have been a few more painful days, including January 20, and the worst – January 29.

Nevertheless, most full trading weeks ended in the green, with total net inflows stabilizing above $1.20 billion. However, despite three days in the green, there was little interest last week. Net inflows were $6.31 million on Monday, $3.26 million on Tuesday and $4.5 million on Friday, SoSoValue data show.

Thursday was a red day, with a net withdrawal of $6.42 million, while Wednesday’s trading volume was absent, with $0.00 in flows. Although the week ended slightly in the green ($7.65 million), the total number and individual daily performance clearly show declining demand.

But XRP price skyrockets

Despite the lack of interest in the ETFs, the price of the underlying asset experienced intense volatility, especially over the weekend. The token recovered from last week’s plunge to $1.11, but was rejected at $1.55 and has hovered around $1.40 for most of the past few days.

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The bulls went on the attack over the past 48 hours, pushing the cryptocurrency to a multi-week peak of just over $1.65 earlier today. Nevertheless, XRP was rejected again there and is now back around $1.55.

Despite the retracement, XRP’s market cap remains well above $90 billion, putting it north of BNB in ​​the battle for fourth place in terms of that metric.