Institutional demand for XRP, the cryptocurrency associated with Ripple, is on the rise, according to recent data. Hunter Horsley, CEO of Bitwise Asset Management, reported that exchange-traded products (ETPs) linked to XRP in the US and Europe have seen net inflows exceeding $200 million since the start of the year.
Bitwise emerges as a key player
Bitwise has recently positioned itself as a leading company in the market for XRP-linked investment products. The asset management firm’s flagship offering in this space is the Bitwise XRP ETF, which began trading on the New York Stock Exchange toward the end of 2025.
This ETF is designed to provide both individual and institutional investors with regulated exposure to XRP. According to statements from the company, the US-based ETF holds spot XRP directly in cold wallets. Its total market capitalization has now reached $256.85 million.
Hunter Horsley, CEO of Bitwise Asset Management, noted that net inflows into XRP exchange-traded products in the US and Europe have surpassed $200 million since the beginning of the year.
Early product rollout in Europe
Before launching its US product, Bitwise had already introduced an XRP-backed investment option in Europe. Known as Bitwise Physical XRP ETP with the ticker GXRP, this product started trading on major German exchanges such as Xetra in April 2022.
Each unit of the European ETP confers rights to a predetermined amount of XRP. Through this structure, Bitwise was able to meet European investor demand for XRP even before the rollout of its US-based spot ETF.
Persistent inflows despite market weakness
Data indicates that funds have continued to flow weekly into XRP ETFs. This steady growth has persisted in spite of generally lackluster performance across the broader cryptocurrency market.
In the most recent period, Franklin Templeton’s XRPZ product led with $6.69 million in weekly inflows, while Bitwise’s ETF followed closely, recording $3.97 million in net additions.
On June 22 alone, spot XRP ETFs saw total net inflows of $4.72 million. Prior to that, June 18 and June 16 registered $2.15 million and $4.28 million in inflows, respectively.
Monthly inflows fuel surge in overall market value
On June 15, XRP-linked funds attracted $2.38 million, while June 12 saw additional inflows of $1.79 million. The strongest single-day capital injection this month occurred on June 9, when $6.37 million entered the XRP ecosystem.
Following these consecutive daily inflows, the cumulative market capitalization of all spot XRP ETFs worldwide has surpassed $722 million. Data suggests these XRP investment products are drawing particular attention among institutional investors.
