XRP news: Ripple-linked ETFs drew inflows last week as bitcoin, ether funds lost $2 billion

That divergence comes as XRP remains one of the few large tokens with a specific policy and product narrative. Traders are watching U.S. market-structure legislation, XRP ETF adoption and whether institutional demand for the token can keep growing even as bitcoin and ether funds see redemptions.

The flow story also lands against an older XRP treasury thread that remains unresolved.

In October 2025, Bloomberg reported that Ripple Labs was leading an effort to raise at least $1 billion through a SPAC to accumulate XRP inside a new digital asset treasury vehicle. Ripple was also expected to contribute some of its own XRP, the report said at the time.

CoinDesk has reached out to Ripple for confirmation and an update on whether the plan advanced, changed or was shelved.

If completed, the deal would be among the largest known XRP treasury vehicle to date. Digital asset treasury companies became one of cryptos biggest stock-market trades in 2025, as listed firms used SPACs, reverse mergers and equity issuance to buy tokens. The model worked while crypto prices rose and investors paid premiums for balance-sheet exposure.

Still, the context matters because XRP is now showing two possible demand channels. ETF buyers adding exposure in public markets and, if still active, a potential treasury-company structure built around accumulating the token.