Citadel's Bold XRP Bet: Ditching Puts While ETF Inflows Skyrocket to $1.39B

A Wall Street giant doubles down on XRP's future. With ETF demand surging and Ripple's valuation soaring, is this the crypto's breakout moment?

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2026 May 19 . 11:01 PM

1 min read

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Citadel's Bold XRP Bet: Ditching Puts While ETF Inflows Skyrocket to $1.39B

Citadel Advisors, a major Wall Street hedge fund, has made significant moves in the XRP market. The firm recently closed all its put options on the Canary XRP ETF while keeping its call positions. This shift comes as XRP investment products see record inflows, reflecting growing interest in the cryptocurrency. Citadel’s latest adjustments follow a long-standing involvement with Ripple. In November 2025, the hedge fund co-led a $500 million funding round for the crypto company, alongside Fortress. That deal valued Ripple at $40 billion, underscoring its prominence in the digital asset sector.

The fund currently holds 34,900 call options on the Canary XRP ETF. Beyond this, it maintains $1.7 million in XRP exposure through multiple providers, including Bitwise, Franklin, and Grayscale. These positions highlight Citadel’s continued confidence in XRP’s potential.

Meanwhile, XRP spot ETFs have seen their strongest weekly inflow yet. In May 2026, they attracted $60.5 million in new investments, pushing the total net inflow to $1.39 billion. The surge suggests rising demand for regulated XRP products among institutional and retail investors. Citadel’s decision to drop put options while retaining call positions signals a bullish stance on XRP. With ETF inflows hitting new highs, the cryptocurrency’s market presence appears to be strengthening. The fund’s ongoing exposure and Ripple’s valuation further reinforce this trend.