U.S. XRP ETFs Draw $1.81B Inflows Yet Carry $375.5M in Estimated Unrealized Losses

U.S. spot XRP ETFs have drawn $1.81 billion in net inflows since November 2025, yet five funds holding about $1.5 billion face an estimated $375.5 million in unrealized losses. The estimated average entry price is $1.72 versus a $1.36 reference, a 21.3 percent paper loss. Canary Capital leads at $152.6 million, followed by Franklin Templeton, Bitwise, Grayscale and 21Shares.