XRP tokenization hits $4.3 billion as ETF inflows reach $1.5 billion

XRP ETFs drew $1.5 billion in cumulative inflows since November, yet tokenized assets on the XRP Ledger now total $4.3 billion — nearly three times that figure.

Tokenized assets on the XRP Ledger hit $4.3 billion, nearly three times the $1.5 billion in cumulative spot XRP ETF inflows.

"Tokenization is the metric that truly reflects XRPL's long-term growth and institutional adoption," Evernorth, a leading XRP treasury firm, said.

Tokenized assets on XRPL stood at $73 million in January 2025, climbed to roughly $900 million by December 2025, and reached about $4.3 billion today — a 59-fold increase in 18 months, RWA.xyz data shows.

The distinction matters because ETF flows rise and fall with market sentiment, while tokenization reflects financial institutions actively using XRPL to issue, manage, trade and settle real-world assets on-chain.

The $4.3 billion in tokenized assets spans treasury products, investment funds, bonds and private credit, drawn by XRPL's fast settlement, low fees and enterprise-focused infrastructure. Banks and asset managers have increasingly used the ledger to bring real-world assets on-chain.

Spot XRP ETFs, by contrast, pulled in $27.29 million in July, a fourth straight month of net inflows, per Coinglass. Monthly inflows ran $81.59 million in April, $131.94 million in May, $59.46 million in June and $27.29 million in July, showing the pace has cooled even as the streak holds.

The token itself trades near $1.08, down roughly 40 percent since the start of the year, CoinGecko data shows. Steady ETF demand has not lifted the price. Some pressure traces to a specific seller: Grayscale chief executive Peter Mintzberg filed to sell XRP ETF shares he acquired before the fund's listing, pricing the sale at $20.45 a share, about half what earlier Grayscale insiders got in January.

Momentum indicators tell a similar story. XRP recently hit its most oversold readings on record, and traders remain split on whether the sell-off has finished.

Competition for capital plays a role too. Solana funds have pulled in about $1.15 billion since launch, edging back into second place in July. Hyperliquid funds added roughly $293 million in May and June before posting a first monthly outflow in July. Bitcoin and Ethereum funds still dominate the category, pulling in $172 million and $365 million in July, respectively.

JPMorgan and Standard Chartered have forecast spot XRP ETFs could attract $4 billion to $8 billion in long-term inflows, leaving room for the current $1.5 billion to grow. Whether that demand lifts the price may depend on the broader altcoin market finding its footing first, while tokenization continues to expand the ledger's role as financial infrastructure.

This article is for informational purposes only and does not constitute investment advice.