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Spot @Ripple$XRP exchange-traded funds recorded $2.2 million in net inflows on April 28, making them the strongest-performing crypto ETF products of the day — even as $BTC and $ETH ETFs suffered eight-figure net outflows. $AVAX was the only other crypto asset to attract net inflows to its ETF products on the same date.
The result continues an unbroken positive run for spot $XRP products, which have not recorded a single day of net outflows since April 9. The funds have not recorded a single outflow day since April 9, marking the longest unbroken positive streak in XRP ETF history. The products now collectively hold 1.23% of $XRP's total circulating supply — a figure that underlines the scale of institutional accumulation taking place through regulated wrappers.
The April 28 data point sits within a broader monthly story. US-listed XRP ETF products pulled in $81.63 million in April 2026, their strongest monthly inflow figure of the year, fully reversing March's $31.16 million loss and pushing cumulative net inflows to $1.29 billion. Total net assets across the seven US-listed spot XRP ETF products crossed $1.53 billion, with Goldman Sachs disclosed as the largest known institutional holder at $153.8 million across four funds.
The composition of those flows has also shifted. Bitwise pulled ahead with $425.61 million in cumulative inflows, edging past Canary Capital's $421.86 million — Canary built its lead in the launch frenzy when retail investors piled in first, but that demand has since dried up, while Bitwise has pulled in $39.59 million and Franklin Templeton $22.69 million in April alone.
Despite the strong institutional demand, $XRP's price has remained largely range-bound. The gap between strong ETF demand and flat price performance reflects a dynamic in which institutional accumulation through regulated products is absorbing available supply without generating the immediate price discovery that retail-driven buying typically produces. Analysts note that when BTC leads a recovery, capital tends to concentrate in Bitcoin first before drifting to Ethereum and then to altcoins like XRP, with XRP tracking Bitcoin's move roughly 80% of the time.
On the supply side, 34.94 million $XRP flowed as net exchange outflows on the XRP Ledger in a single day — the sixth-largest 24-hour outflow of 2026 — with significant transfers from exchanges into private wallets historically linked to price gains by decreasing sell-side pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
Sources:
crypto.news — XRP ETF April Inflows Hit $81.63 Million, the Best Month of 2026
247 Wall St. — XRP ETF Inflows Reach $82 Million in April
The Crypto Times — XRP Price Eyes 50% Rally as ETF Inflows Hit 2026 High
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