Main Points:
- XXRP set a record $50.4 million single‐day inflow on July 21, 2025
- Cumulative net flows into XXRP now exceed $323.6 million, capturing 52.5% share of U.S. XRP ETF market
- Volatility Shares’ XRPI and XRPT also saw double‐digit weekly growth, with $33.6 million (27%) and $43.6 million (26%) inflows
- All U.S. XRP ETPs remain derivatives‐based; spot XRP ETF approval still pending with SEC
- Year‐to‐date global net inflows: XRP ETPs $721 million vs. Solana ETPs $844 million
- Broader crypto ETF landscape saw record monthly flows of $11.2 billion in July; Ether and Solana led gains
- Regulatory outlook improving: SEC’s new guidance may accelerate spot ETF approvals
Record‐Breaking One-Day Inflows
On July 21, 2025, Teucrium’s 2x Long Daily XRP ETF (XXRP) achieved its highest single‐day net inflow of $50.4 million, surpassing all previous daily records for U.S. XRP‐linked ETPs. This spike marked a significant shift in institutional sentiment, as investors sought leveraged exposure to XRP amid broader altcoin enthusiasm.
(Insert Figure 1 here) – Figure 1: Daily net inflows of XXRP ETF (July 15–30, 2025)
Cumulative Asset Growth of XXRP
Since its April 8 launch, XXRP has amassed $323.6 million in net inflows, representing 52.5% of the total $616 million net flows across all U.S. XRP ETFs as of July 28, 2025. This dominance underscores Teucrium’s first‐mover advantage in offering leveraged XRP exposure.
Competitive Landscape: XRPI and XRPT Performance
Volatility Shares launched two XRP products on May 22: the unleveraged XRPI and the 2x leveraged XRPT. In the week ending July 28, XRPI attracted $33.6 million (up 27%), while XRPT recorded $43.6 million (up 26%) in net inflows. These gains highlight growing investor appetite for both directional and leveraged XRP strategies.
Regulatory Environment Around XRP ETFs
All XRP‐related ETPs in the U.S. currently track derivative instruments; the Securities and Exchange Commission has not approved any spot XRP ETF as of July 29, 2025. However, recent SEC guidance on crypto ETF disclosure requirements signals potential streamlining of the approval process, which could pave the way for spot products later this year.
Comparative ETP Inflows: XRP vs. Solana
Although XRP overtook Solana (SOL) in market capitalization to rank third among cryptocurrencies, Solana‐linked ETPs have outpaced XRP in net inflows. As of July 30, 2025, global net inflows for XRP products stand at $721 million, compared to $844 million for Solana‐linked ETPs. This gap suggests investors are speculating on a potential spot Solana ETF ahead of XRP spot approval rumors.
(Insert Figure 2 here) – Figure 2: Cumulative global net inflows: XRP vs. Solana ETPs as of July 30, 2025
Broader Crypto ETF Trends
Crypto investment products attracted $1.9 billion in inflows during the week of July 21–28, pushing month‐to‐date flows to a record $11.2 billion. Ethereum‐based ETPs led the charge with $1.59 billion, followed by Solana’s $311.5 million and XRP’s $189.6 million. These inflows reflect robust institutional demand ahead of anticipated spot ETF approvals.
Implications for Investors
For cryptocurrency investors seeking new revenue streams, the rise of leveraged XRP products like XXRP offers amplified exposure—but with commensurate risk. The outsized inflow spike on July 21 suggests momentum trading and tactical asset rotation are influencing flows. Meanwhile, Solana’s ongoing inflow advantage indicates diversification into emerging smart‐contract platforms remains a popular thesis.
Future Outlook and Conclusion
With SEC guidance hinting at an accelerated path for spot crypto ETF approvals, the race to launch a spot XRP ETF is heating up. Should spot products emerge, forecasts suggest early inflows could range from $1.1 billion to $2.2 billion based on historical Ethereum spot ETF performance in May 2025 NFT Evening. In the interim, investors must weigh the benefits of leveraged instruments against regulatory uncertainty and market volatility.
In conclusion, Teucrium’s XXRP ETF has cemented itself as the market leader in U.S. XRP‐linked ETP flows, achieving both record single‐day inflows and a majority share of cumulative assets. As the broader crypto ETF ecosystem continues to expand, XRP products face a competitive battle for capital—not only from within the XRP cohort but also from other high‐growth assets like Solana. The evolving regulatory landscape will likely be the ultimate catalyst, setting the stage for the next wave of institutional adoption and potentially reshaping the inflows landscape once spot XRP ETFs gain approval.
