Ripple (XRP) News: XRP ETFs Go Two Weeks Without Outflows

By Sam Daodu Published Apr 23, 8:14AM EDT

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XRP spot ETFs haven’t logged a single day of outflows since April 9, pulling in $71.31 million this month and putting April on track to be the biggest of 2026.
The streak has fully erased March’s losses of $31.16 million, which was the first monthly loss XRP ETFs had ever posted, pulling cumulative net inflows back to $1.28 billion.
Bitwise ($419M) is about to overtake Canary Capital ($421M) as the largest XRP ETF by inflows, with Franklin Templeton right behind at $345M. Bitwise and Franklin have absorbed nearly all of April’s inflows while Canary has been flat.
The XRP ETF streak’s main catalyst is the CLARITY Act, which is now facing a tight May deadline after missing its April markup window. If the bill advances before the Senate’s May 21 recess, XRP ETF inflows could potentially double current cumulative levels as institutional investors waiting on the legal clarity begin deploying.

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Ripple (XRP) News: XRP ETFs Go Two Weeks Without Outflows — © The concept of trading involves financial markets like stock and crypto. This financial trading requires analysis of charts for investment growth and risk management. Gist (Shutterstock.com) by Summit Art Creations

XRP (CRYPTO: XRP) spot ETFs are finally putting together a real recovery after a brutal first quarter. The funds pulled in $55.39 million through the week ending April 17—their best week of 2026—and added another $3 million on April 20. There have been no outflows since April 9, and this marks the first sustained buying stretch XRP ETFs have put together all year.

In the months leading up to April, XRP ETFs had been bleeding. Assets under management peaked above $1.5 billion in January on the back of huge launch-period inflows, then dropped below $950 million by March as the outflows intensified. This time, the money is coming in steady, day after day.

For XRP holders who’ve been waiting for institutional money to return, this is the clearest signal yet that the buyers are back for real. So, can the inflows keep going till May?

XRP ETFs Just Logged Their Longest Green Streak of 2026

A person's hand holds a black smartphone, with a glowing, translucent circular platform floating above it. On the platform, a 3D yellow text spells 'ETFO', where the 'O' is replaced by a gold coin with a dollar sign. Behind the text, blue bar charts show an upward trend, topped by a yellow arrow pointing diagonally upwards. The background is a dark blue with an overlaid financial candlestick chart displaying red and blue candles, green and red triangles, and wavy green and red trend lines.

The current stretch is XRP ETFs’ best run all year, and it’s already fixed most of the damage March did. The funds have pulled in $71.31 million in April so far, putting the month on track to be the biggest of 2026. Not a single day of outflows has hit the funds since April 9, with April 21 being the only day seeing zero flows.

March 2026 was the first monthly loss XRP ETFs have ever posted, with $31.16 million leaving the funds across the month. The current streak has pulled cumulative net inflows back to $1.28 billion, which is a three-month high that matches their mid-January level.

When XRP ETFs last hit $1.28 billion in January, it was off the back of one concentrated buying week driven by XRP’s 25% price rally in early January. This time the money is arriving in smaller, steady daily amounts. With nine straight trading days without an outflow and counting, it’s the longest green streak XRP ETFs have put together all year.

Bitwise and Franklin Are Now Leading After Canary’s Early Lead Cooled

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Canary Capital’s XRPC was the breakout star when XRP ETFs first launched. Its November 13 debut brought in $250 million in first-day AUM—the biggest crypto ETF launch of 2025. Canary still holds the most cumulative inflows across all XRP ETFs at $421.86 million, but that lead is slender now. Canary has recorded zero net inflows on most trading days in April, while Bitwise and Franklin Templeton have been adding money nearly every day.

Bitwise has now pulled cumulative inflows to $419.17 million—just $2.69 million behind Canary—and is on pace to overtake it this week. Franklin Templeton’s XRPZ is third and has been right behind Bitwise throughout the April streak. Between them, Bitwise and Franklin have absorbed almost all of April’s inflows while every other XRP ETF has been flat or negative.

Bitwise runs the most liquid XRP ETF, making it the natural choice for institutional allocators who need to place large orders. Franklin Templeton, a $1.5 trillion asset manager, charges the lowest fee at 0.19%—half what most competitors charge. These are the two funds professional money typically gravitates toward, and the fact they’re dominating April flows marks a clear shift from the retail rush that drove Canary at launch.

Can the XRP ETF Streak Keep Going Into May?

XRP ETFs aren’t the only crypto funds recovering this month. Bitcoin ETFs just ended a four-month outflow streak of their own, pulling in roughly $996 million last week for their first monthly gain of 2026, and Ethereum ETFs are recovering too. However, XRP’s streak is the longest of the three—BTC’s recovery has just started, and ETH’s has been uneven.

What could make the XRP ETF streak stick comes down largely to one thing: the CLARITY Act. The bill is now facing a tight May deadline after missing its April markup window, with Senator Thom Tillis publicly urging Senate Banking Chair Tim Scott to delay the markup to May.

The bill must clear the committee before the Senate’s May 21 recess, or it could be delayed indefinitely. The CLARITY Act will officially and permanently classify XRP as a digital commodity. A Coinbase survey found 65% of institutional investors are waiting on that exact clarity before committing serious capital to XRP.

So, if the markup happens and the bill advances, XRP ETF inflows will likely grow through May and beyond, potentially doubling current cumulative levels as more allocators start deploying.

About the Author Sam Daodu →

Sam Daodu is a crypto analyst who's spent nearly a decade making blockchain understandable—no easy task when most whitepapers read like fever dreams. He writes for 24/7 Wall St., covering Bitcoin, altcoins, and crypto market analysis for investors. Before crypto, he was a tech writer (back when explaining "the cloud" was peak innovation). Since 2018, he's written for CoinTelegraph, Yahoo Finance, The Block, Cryptonews, Zypto, Rain, and more—basically anywhere people want crypto news without the headache. Sam runs MacLabs Marketing, a content agency for crypto brands tired of sounding like AI wrote their website. He also publishes free crypto education on his site for Web3 enthusiasts who think "gas fees" is a typo. When he's not writing or staring at charts, Sam's either: - Watching anime (currently convinced One Piece has better tokenomics than most altcoins) - At the gym sculpting himself into a Greek god - Listening to the music your mum warned you only bad boys listen to Connect: LinkedIn | Email | MacLabs Marketing