XRP Led Global Crypto Fund Inflows Last Week With $119.6 Million: What’s Driving the Demand for XRP?

More money flowed into XRP (CRYPTO: XRP) investment products last week than into Bitcoin, Solana, and every other crypto asset combined. CoinShares reported $119.6 million in net inflows across XRP funds, which includes ETFs, ETPs, and trusts globally. It amounted to about 53% of all crypto fund inflows for the entire week and the largest weekly figure for XRP since mid-December 2025.

When you look at who is actually buying, it is coming from a new and unexpected wave of investors. Most of that $119.6 million did not come from the United States, where six spot XRP ETFs are already listed. It came from Europe, with Switzerland alone accounting for more than five times the U.S. contribution. So what is pulling a completely different pool of investors towards XRP?

$119.6 Million Flowed Into XRP Funds in a Single Week — and Most of It Came From Europe

Switzerland led every country in crypto fund inflows last week with $157.5 million, accounting for roughly 70% of the entire global total. The United States came in at just $27.5 million, behind both Switzerland and Germany. Virtually none of the XRP inflow came through U.S.-listed spot ETFs, which showed near-zero daily flows throughout the week. 

Most of the capital came through European and international investment products listed on exchanges like SIX Swiss Exchange, where FINMA’s regulatory framework gives institutions a clear legal path into crypto that most other countries still do not offer.

Bitcoin followed XRP with $107.3 million in inflows for the week, though it is still in negative territory for April overall. Solana pulled in $34.9 million, adding to a solid year of inflows. Ethereum had the worst week of any major asset, losing $52.8 million in outflows and pushing its year-to-date total to negative $327 million.

A week earlier, the U.S. led crypto fund outflows with $445 million leaving American products alone. Now European buyers have stepped in while the U.S. market pulled back, and XRP is the asset they are choosing above everything else.

Why 84% of XRP ETF Money Is Coming From Retail Investors

The $119.6 million in global inflows came mostly from European investment products, but in the United States, XRP products are dominated by retail . About 84% of the U.S. XRP ETF assets are held by retail investors who are not required to disclose their holdings to the SEC. Institutional filers account for just 15.9% of the total. Solana ETFs, by contrast, have 48.8% institutional participation, which is more than three times the rate of XRP.

Goldman Sachs is the largest institutional XRP ETF holder with $153.8 million spread across four funds. But that single position makes up 73% of all disclosed institutional XRP exposure in the country. Bloomberg analyst James Seyffart has said the holding likely reflects trading desk activity to facilitate client orders rather than an institutional bet on XRP. Goldman’s Q1 2026 13F filing is due in May, and it will show whether the bank held through the XRP price decline or quietly reduced the position.

A survey of 351 institutional investors by Coinbase and EY-Parthenon found that 25% plan to add XRP to their portfolios in 2026, but 65% said regulatory clarity is the one thing holding them back. That points directly to the CLARITY Act, which the Senate Banking Committee is targeting for a markup in late April. Until that bill moves, institutional demand for XRP stays as intent on paper rather than actual capital flowing into the market.

Will XRP ETF Inflows Start Moving the Price?

XRP’s investor base is no longer just the U.S. retail crowd that drove ETF products to over a billion dollars. European buyers are now putting more money into XRP than American investors are, and they are doing it while the price is falling. People do not buy $119.6 million worth of a token that has dropped for six straight months unless they believe it is going somewhere.

Most U.S. institutions have not started buying XRP yet, and the CLARITY Act is the reason. Senators return from recess on April 13 with a Banking Committee markup expected before the end of the month. If the bill advances, XRP would have European capital already flowing in and U.S. institutions entering at the same time. XRP has never had both of those working together before, and if it happens, $119.6 million in a single week could turn out to be just the start.