U.S. spot XRP exchange-traded funds have drawn approximately $1.81 billion in cumulative net inflows, but their investors face nearly $489 million in estimated unrealized losses as XRP trades below the funds' modeled average entry price. CryptoETF Today's latest dataset put that average at $1.72 per XRP, compared with approximately $1.24 on October 30, producing an estimated $488.7 million paper loss, or 27.6% below the modeled entry level. The five tracked funds hold more than one billion XRP and approximately $1.42 billion in assets. Canary Capital's XRPC has the largest estimated shortfall at $179.3 million, followed by Bitwise at $141.6 million and Franklin Templeton's XRPZ at $131.6 million. Grayscale's GXRP is estimated to be down $35.7 million, while 21Shares' TOXR shows a loss of about $459,000. The estimates are reconstructed from historical fund creations, redemptions and XRP prices, rather than official investor profit-and-loss disclosures, and do not account for differing shareholder purchase prices or institutional hedging. Estimated losses have risen from approximately $375 million on October 20, an increase of roughly $113 million in ten days. Fund inflows have also slowed, with daily subscriptions falling to approximately $740,000 by October 14 and a preliminary $700,000 outflow recorded on October 30 when only two of five funds had reported. XRP would need to rise about 39% from $1.24 to return to the modeled $1.72 average entry price, although that level is not necessarily a technical resistance point or selling target. Earlier filings identified Goldman Sachs as a major reported XRP ETF holder with approximately $87 million in exposure, but institutional ownership does not guarantee price gains during broader cryptocurrency-market selling.