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The US market for spot ETFs based on XRP has held its place in the top league, returning above the psychologically important threshold of $1 billion in net assets. According to a fresh report from SoSoValue, the combined assets under management of five funds stood at $1.05 billion.
However, a detailed look inside the sector shows that this comeback was not the result of new investment inflows, but a mathematical rescue driven by the price surge of XRP itself.
Math behind the comeback to billion-dollar club
The US XRP ETFs returned to the billion-dollar threshold thanks to an organic recalculation of the value of their underlying holdings. Over the past week, the native cryptocurrency of the XRP Ledger posted a strong 10.5% gain, settling at $1.15 after a prolonged June decline toward the dangerous $1.00 mark.
Since ETF balances are tightly tied to the market price of the coin, this price jump recalculated the sector's capitalization in favor of issuers and effectively saved a key institutional threshold from being lost in the eyes of major players.
The breakdown of power among the funds as of July 7 looks as follows:
- Bitwise (XRP): remains the largest player, with net assets returning to $330.84 million thanks to the price recovery and a local inflow of capital.
- Canary (XRPC): ranks second with $265.30 million.
- Franklin Templeton (XRPZ): confidently closes out the top three, accumulating $261.68 million.
Real capital inflow, meanwhile, remained restrained. Over the reporting period, the funds collected a modest $17.19 million. Still, that was enough to extend the winning streak of inflows to nine consecutive weeks, bringing the cumulative figure since launch to $1.49 billion.
Large institutional investors are now clearly taking a wait-and-see position amid bureaucratic delays in Washington. The final vote on the CLARITY Act, which is expected to definitively establish XRP's status as a commodity, has shifted to late July or August 2026.
In this regulatory lull, the funds are simply holding their positions, while their return to billion-dollar status is entirely the achievement of XRP's revived spot price.
Dan Burgin
U.Today Editorial Team
