Tuttle Capital has quietly joined the XRP ETF race, filing for an “XRP Income Blast” ETF — a fresh sign that Wall Street appetites for XRP exposure are accelerating even as broader markets remain fixated on Bitcoin and Ethereum.
Why it matters
- US spot XRP ETFs pulled in more than $75 million in April, largely under the radar while traders focused on larger tokens. That influx, combined with recent ETF filings, signals growing institutional interest in XRP.
- Data from SoSoValue shows US spot XRP ETFs now hold roughly $1.08 billion worth of XRP — about 1.20% of the token’s total supply — and inflows have been steady. Since April 9, outflows have been negligible, totaling just $661,000 across the period, suggesting long-term positioning rather than short-term retail trading.
Institutional flows point to accumulation
- ETFs recorded a single-day inflow of $3.89 million recently, led by Franklin Templeton’s XRP ETF (ticker: XRPZ). The pattern of consistent, one-sided inflows looks more like institutional accumulation than the rapid churn typical of retail-driven rallies.
On-chain whale activity intensifies
- The XRP Ledger saw 34.94 million XRP leave exchanges in one 24-hour stretch — the sixth-largest daily outflow of 2026, according to Santiment. Historically, big outflows like this can precede bullish price moves because less supply remains immediately tradable on exchanges.
- On Binance specifically, large holders accounted for about 94% of recent outflows, underscoring that whales — not retail users — are driving the movements.
- At the same time, whale transfers back into Binance spiked to roughly 3,000 transactions on April 23–24 after dropping close to zero in prior days. Analysts interpret that bounce as active repositioning by big players rather than simple distribution.
Price action: signals without follow-through
Despite the mounting ETF demand and notable on-chain dynamics, XRP’s price has been sluggish. The token keeps running into resistance and drifting back toward the $1.43 area, hovering just above $1.40 support. The disconnect between accumulation and price movement suggests buyers are positioning for a longer-term play, but a clear breakout has yet to materialize.
Bottom line
Wall Street is quietly stepping up its XRP bets — from fresh ETF filings to steady institutional flows and whale-led on-chain moves. Those developments have historically been bullish, but so far the price action hasn’t confirmed the narrative. Traders should watch ETF flows, exchange outflows, and whale transfer patterns for clues on whether the next leg up is coming.
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