European Capital Now Leads XRP Fund Inflows as U.S. Institutions Wait for the CLARITY Act

U.S. institutional investors are not yet moving capital into XRP, with institutional filers accounting for only 15.9% of U.S. XRP ETF assets. Retail investors hold 84% of these assets. In contrast, European buyers are now leading the demand. Global XRP funds saw $119.6 million in net inflows last week, a figure that exceeded the combined inflows of Bitcoin, Solana, and all other crypto assets. Switzerland alone accounted for $157.5 million of all global crypto fund flows, roughly 70% of the total, while the U.S. contributed $27.5 million.

This capital is moving through European investment products on exchanges like the SIX Swiss Exchange. The shift is enabled by FINMA's regulatory framework, which provides institutions a clear legal path into crypto that other countries do not offer.

In the United States, the barrier remains regulatory. A survey of 351 institutional investors by Coinbase and EY-Parthenon found that 65% of those surveyed say regulatory clarity is the one thing holding them back from adding XRP to their portfolios. The Senate Banking Committee is targeting a markup of the CLARITY Act in late April. Until that bill moves, U.S. institutional demand for XRP remains as intent on paper rather than actual capital flowing into the market.