XRP ETFs Suffer $133 Million Loss as Investments Lag Behind Initial Expectations

Investors have poured $1.79 billion into US spot XRP ETFs, but the funds now hold only $1.66 billion, according to SoSoValue. This represents a decline of about 7% from the total inflows and outflows since the first fund launched in November 2025. In contrast, Bitcoin, Ethereum, and Solana ETFs have all outperformed their initial investments.

The difference between a fund's total net inflow and its net assets is telling. Net inflow represents the total money investors put in minus what they've pulled out. Net assets, by contrast, reflect the current market value of the coins the fund holds. When net assets fall below net inflow, it indicates that the coins have lost value since investors bought them.

This decline in value is exactly what has happened to the seven US spot XRP funds. As of October 4, XRP was trading at $1.50, down 51% from around $3 just a year earlier and down 19% since the start of 2026. Much of the money came into these funds when XRP was priced above $2 after their launch in November 2025, meaning those coins are now worth less than what investors originally paid.

For XRP funds to match investors' initial contributions, XRP needs to climb about 8% to roughly $1.62, assuming their XRP holdings remain unchanged. Unfortunately, average XRP holders over the past year are also seeing losses. Meanwhile, Bitcoin funds began their buying strategies much earlier at significantly lower prices. As a result, the current value of XRP ETFs is closely tied to XRP's price; small weekly inflows cannot close the $133 million gap created by the drop.