XRP ETFs See $4.3M Inflows: Can WisdomTree’s Fund Revive Interest?

The numbers tell a clear story of hesitation. Over four days in late October, U.S. spot XRP ETFs pulled in a mere $4.3 million in net new money. For funds collectively holding $1.48 billion, that week’s activity amounted to a rounding error, just 0.3% of their total assets. This stagnation coincides with a pivotal regulatory wait. WisdomTree is the last major applicant with an October deadline for the Securities and Exchange Commission to decide on its own spot XRP ETF. The question now is whether another fund can break the ice or if the market for these products has cooled for good.

This recent trickle of inflows follows a week of outflows, revealing a market in neutral. Investors aren’t selling in droves, but they aren’t buying either. They are watching. The tepid demand connects directly to XRP’s battered price. At around $1.28, the token is down 30% for the year and trades nearly 65% below its all time high set in July 2025. This prolonged decline has created a sobering reality for ETF investors. Since their launch, these funds have attracted $1.80 billion in total net inflows. Yet the assets they hold today are worth only $1.48 billion. That $322 million gap represents the erosion of value from price depreciation. Many investors bought in when XRP was significantly higher, locking in paper losses that understandably curb their enthusiasm for adding more.

The chill extends beyond the ETF wrapper to the infrastructure supporting it. Coinbase, the primary custodian for most U.S. spot crypto ETFs, faces parallel pressures. Its stock has fallen 27% year to date. The company’s latest quarterly report showed revenue missing estimates, with assets on its platform shrinking partly due to ETF outflows. A critical detail emerged. While Coinbase captured a record 10.3% share of global crypto trading volume, the overall market for that trading shrank by 25%. Gaining a larger slice of a much smaller pie did not translate to growth. This environment pushes firms like Coinbase, and by extension the ETF ecosystem, to rely on steadier subscription revenue rather than volatile trading fees. The success of any new fund, including WisdomTree’s, becomes tied not just to inflows but to the underlying asset’s ability to hold its value and generate consistent custody fees.

So can a WisdomTree ETF change the game? It can simplify access for some investors, but history suggests a new fund alone is rarely a catalyst. ETF flows typically follow price and broad market sentiment, not the mere availability of another product. WisdomTree has not revealed its planned fee structure, and a sixth ETF essentially offers another window into the same room. The real triggers for renewed interest will be concrete. They include:

• A favorable SEC decision
• A sustained pattern of positive weekly inflows reported by trackers like SoSoValue
• XRP demonstrating price stability above its current level
• Investor sentiment shifting positively
• Market activity increasing
• Regulatory clarity emerging

If these conditions align, a new fund from a trusted brand could capture early momentum. If XRP’s price continues to struggle, however, another ETF will likely just be another option in a quiet market. The ball is now in the court of regulators and the market itself.