First U.S. XRP ETF turns one after losing 60% since launch

Today, September 18, 2026, marks one year since the launch of REX Osprey XRP ETF (XRPR), the first U.S. spot XRP exchange-traded fund (ETF), which has lost roughly 60% since its debut.

On launch day, September 18, 2025, XRP was trading at roughly $3.08. By press time, the price had fallen to about $1.33, marking an approximately 59% decline in the span of a year.

The fund itself was trading at $25.73 upon going live, only for the price to plummet to $10.57 at the time of writing. Still, the fund retains about $46.2 million in net assets.

XRP ETF inflows are improving

While the decline alone paints a grim picture, the broader XRP ETF context is currently not as bad as it may first appear when looking at XRPR alone.

Namely, U.S. spot XRP ETFs have accumulated roughly $1.71 billion in historical net inflows, according to SoSoValue data accessed at press time, when the funds held about $1.39 billion in net assets, representing roughly 1.7% of XRP’s market value.

Indeed, while the latest trading session has interrupted the trend with approximately $5.15 million in net outflows, XRP ETFs have been on a tear, with positive weekly inflows since July 10. In fact, March this year was the only red month since November 2025. 

Institutional flows are healthy, then, and XRP itself is up 30% on the monthly chart. The majority of the losses over the past year accordingly appear to be the result of the broader industry’s struggle over that period.

In other words, ETF demand has not disappeared, but it was also not enough to offset or combat macroeconomic issues, regulatory uncertainty, and speculative selling from driving the market lower.

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