US XRP spot ETFs recorded a net inflow of $1.9782 million on March 20, 2026, with the Canary XRP ETF (XRPC) as the sole contributor to the day’s positive flow while all four other listed products posted flat or zero activity.
The $1.9782 million figure, reported by PANews citing SoSoValue data, came entirely from Canary Capital’s XRPC fund. The remaining four US XRP spot ETFs, Franklin Templeton’s XRPZ, 21Shares’ TOXR, Bitwise’s XRP fund, and Grayscale’s GXRP, recorded no net movement on the day.
CoinGlass token-flow data corroborates the figure: XRPC logged an inflow of approximately 1.37 million XRP tokens on March 20. At XRP’s trading price of roughly $1.44, that translates to approximately $1.97 million, mathematically consistent with the reported USD amount.
How $1.97M Fits Against Cumulative XRP ETF Demand
The single-day inflow is modest in absolute terms but adds to a cumulative track record that has grown steadily since US XRP spot ETFs launched in November 2025, following the resolution of Ripple’s legal battle with the SEC.
Total cumulative net inflows across all five US XRP spot ETF products now stand at $1.209 billion. XRPC alone accounts for $421 million of that total, making it the dominant product by historical flow volume.
Combined net assets across the five funds have reached $1.006 billion, with an XRP asset ratio of 1.14%. CoinGlass data shows total cumulative token inflows of 535.80 million XRP since the product category launched.
The March 20 inflow is notable less for its size and more for its selectivity. Only one of five available products attracted capital on a day when broader ETF categories faced continued capital outflows across risk assets. That pattern, a single fund absorbing demand while peers stay flat, suggests targeted institutional positioning rather than broad-based retail interest.
XRP ETF Flows Diverge from Bitcoin and Ethereum Products
The positive XRP ETF flow on March 20 contrasts sharply with recent activity in larger crypto ETF categories. US Bitcoin spot ETFs logged 1,488 BTC in outflows while Ethereum spot ETFs shed 62,184 ETH in a single recent session, reflecting broader institutional de-risking.
XRP was trading at approximately $1.44 on March 20-21, down 0.74% over 24 hours. Its market capitalization stood at $88.31 billion, ranking it fourth among cryptocurrencies, with daily trading volume near $1.50 billion.
The crypto Fear and Greed Index sat at 12 at the time of the inflow, firmly in “Extreme Fear” territory. That a spot XRP product attracted fresh capital during peak fear conditions stands out. Community sentiment on CoinGecko showed 84.29% positive votes for XRP, a notable divergence from the broader market mood.
The macro backdrop remains uncertain, with rising rate hike expectations adding pressure to risk assets broadly. Against that environment, the XRPC inflow reads as a contrarian bet rather than a momentum trade.
Five Products, One Absorbing All the Flow
Five US XRP spot ETFs are now actively trading: Canary (XRPC), Franklin Templeton (XRPZ), 21Shares (TOXR), Bitwise (XRP), and Grayscale (GXRP). The product category exists because the SEC’s approval stance shifted following the Ripple lawsuit resolution, reversing years of regulatory resistance to XRP-based investment vehicles.
Combined AUM crossing $1 billion marks a milestone for the XRP ETF category, though it remains a fraction of Bitcoin spot ETF assets. The concentration of March 20 flows in a single fund raises a question for investors tracking altcoin ETF adoption: whether XRPC’s first-mover advantage and brand recognition are creating a winner-take-most dynamic similar to what played out with Bitcoin ETFs.
For now, the data point is narrow but clear. One fund, one day, $1.9782 million in, while the rest of the market pulled back.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
