XRP ETF Inflows Hit $666 Million as 21Shares Becomes Fifth US Issuer
The institutional avalanche for XRP is getting even bigger. 21Shares has been cleared to launch its spot XRP ETF this Monday, becoming the fifth major issuer to enter the US market in a matter of days. The fund, trading under the ticker TOXR on the Cboe BZX Exchange, joins a sector that has already amassed a staggering $666 million in net inflows in less than a month. This relentless wave of XRP ETF inflows is systematically reducing the liquid supply of XRP on exchanges, setting the stage for a potential supply shock that could ignite a massive price surge.
The 21Shares Launch and the Growing Institutional Wave
The 21Shares approval via a Form 8-A filing marks one of the final regulatory steps for a US crypto ETF. It will track the CME CF XRP-Dollar Reference Rate, providing investors with secure, regulated exposure to XRP’s spot price. This launch follows the highly successful debuts of funds from Grayscale (GXRP) and Franklin Templeton (XRPZ), which pulled in $67.36 million and $62.59 million on their first days, respectively. The fact that five major products have launched almost simultaneously demonstrates a coordinated institutional belief in XRP’s long-term value proposition.
Unpacking the Stunning XRP ETF Inflows
The scale of the XRP ETF inflows is what makes this story so powerful. With total net assets now at $687.81 million, these funds already control approximately 0.52% of XRP’s entire market capitalization. Even more bullishly, the sector has recorded zero net outflows since inception, indicating pure, one-directional accumulation. The most recent data showed another $22.68 million entering the products, proving the demand is sustained. This creates a fundamental underpinning for the price that is immune to retail sentiment swings. While CoinShares withdrew its filing for corporate restructuring, the dominance of other issuers more than compensates.
My Thoughts
This is a textbook supply shock in the making. The XRP ETF inflows represent a constant, non-cyclical demand source that is physically removing XRP from the circulating supply. When you combine this with the ongoing Ripple escrow locks, the available liquid XRP is shrinking rapidly. It’s only a matter of time before this structural deficit meets a surge in retail FOMO. The current price action is dangerously complacent; when this dam breaks, the move could be vertical. For investors, this is a rare moment of clear, data-driven alpha.
