XRP exchange-traded funds (ETFs) have accumulated $887 million, driven by strong institutional demand, according to recent data. Canary Capital's XRP ETF alone has gathered $342 million since November, with other major players like Grayscale, Bitwise, and Franklin also reporting significant inflows. This surge in institutional interest is contributing to a tightening supply of XRP, as ETFs continue to absorb large quantities of the cryptocurrency. The growing demand for XRP ETFs suggests that institutions view the digital asset as undervalued, with expectations of future price appreciation. Two additional XRP ETFs from 21Shares and WisdomTree are scheduled to launch this month, potentially increasing the pressure on XRP supply as more institutional channels open.