Bloomberg analysts James Seyffart and Eric Balchunas assessed investor interest in spot $XRP ETFs. According to the analysts, $XRP ETFs have performed stronger than expected despite the sharp price pullback.
Seyffart noted that $XRP spot ETFs have seen a total inflow of $1.4 billion since their launch. According to the analyst, this figure demonstrates continued investor interest despite the sharp decline in the cryptocurrency market.
Seyffart made the following statement regarding the matter:
“$XRP ETFs are holding up quite well despite the large price pullback. They have received a total of $1.4 billion in inflows since launch. We only know a fraction of who these investors are because most investors don’t submit 13F reports.”
According to 13F reports, which institutional investors in the US use to disclose their portfolios, there will be 83 different institutional investors holding $XRP spot ETFs as of December 31, 2025. These investors include major financial institutions such as Goldman Sachs, Millennium Management, and Citadel Advisors.
According to the data, the total asset size of $XRP spot ETFs is approximately $1.34 billion. 15.9% of this is reflected in 13F disclosures, while the majority of the remainder is estimated to come from individual investors.
Seyffart, in evaluating the four crypto ETF groups he follows, noted that Solana and $XRP ETFs are the newest products, and specifically stated that the demand for $XRP ETFs is largely driven by individual investors.
Balchunas said that this performance was remarkable considering the market conditions:
“Like Solana, this is quite impressive. These ETFs launched amid a sharp decline of approximately 45%. Normally, it’s almost impossible to see money flowing into ETFs in such an environment, especially for new products.”
According to Balchunas, a significant portion of the demand for $XRP ETFs comes from loyal $XRP investors:
“I suspect that the majority of these inflows are not coming from ordinary individual investors, but from investors who strongly believe in $XRP.”
According to Bloomberg data, Bitcoin and Ethereum still lead the crypto spot ETF market by a wide margin, while $XRP and Solana ETFs, despite being newer, have quickly begun to attract investors.
*This is not investment advice.