XRP Back to $1 Billion: Deconstructing the 10.5% Price Jump That Saved Key US ETF Threshold

The US market for spot ETFs based on XRP has held its place in the top league, returning above the psychologically important threshold of $1 billion in net assets. According to a fresh report from SoSoValue, the combined assets under management of five funds stood at $1.05 billion.

However, a detailed look inside the sector shows that this comeback was not the result of new investment inflows, but a mathematical rescue driven by the price surge of XRP itself.

Math behind the comeback to billion-dollar club

The US XRP ETFs returned to the billion-dollar threshold thanks to an organic recalculation of the value of their underlying holdings. Over the past week, the native cryptocurrency of the XRP Ledger posted a strong 10.5% gain, settling at $1.15 after a prolonged June decline toward the dangerous $1.00 mark.

Since ETF balances are tightly tied to the market price of the coin, this price jump recalculated the sector’s capitalization in favor of issuers and effectively saved a key institutional threshold from being lost in the eyes of major players.

The breakdown of power among the funds as of July 7 looks as follows:

• Bitwise (XRP): remains the largest player, with net assets returning to $330.84 million thanks to the price recovery and a local inflow of capital.
• Canary (XRPC): ranks second with $265.30 million.
• Franklin Templeton (XRPZ): confidently closes out the top three, accumulating $261.68 million.

Real capital inflow, meanwhile, remained restrained. Over the reporting period, the funds collected a modest $17.19 million. Still, that was enough to extend the winning streak of inflows to nine consecutive weeks, bringing the cumulative figure since launch to $1.49 billion.

Large institutional investors are now clearly taking a wait-and-see position amid bureaucratic delays in Washington. The final vote on the CLARITY Act, which is expected to definitively establish XRP’s status as a commodity, has shifted to late July or August 2026.

In this regulatory lull, the funds are simply holding their positions, while their return to billion-dollar status is entirely the achievement of XRP’s revived spot price.