
Since their launch in November 2025, U.S. spot XRP ETFs have attracted about $1.81 billion in net inflows, yet the current market value of their holdings has declined to $1.48 billion due to XRP's price drop. This $330 million gap highlights how falling XRP prices have reduced the value of institutional investments despite ongoing inflows. Demand for XRP ETFs has slowed recently, with no new net flows recorded on October 23, reflecting broader market challenges beyond ETF buying. Recovery in XRP prices toward $1.40 could help improve ETF asset values, but sustained declines would further pressure holdings even without redemptions.