Spot XRP exchange-traded funds (ETFs) in the United States are nearing $2 billion in total assets under management (AUM), as institutional investors continue to purchase large amounts of XRP despite recent price declines. The sector demonstrated an unusual pattern on September 23, with significant net inflows recorded on a day when the token’s price dropped by 5–6%.
Institutional appetite grows as prices fall
Data from SoSoValue and XRP Insights revealed that spot XRP ETFs saw net inflows of $18.04 million on September 23, signaling strong interest from large-scale investors. The funds experienced capital inflows during a period of negative price action, underscoring a strategy to accumulate XRP for the long term. This move suggests institutions are increasingly willing to overlook short-term volatility in favor of building positions during price dips.
On that particular day, the inflows were split between two prominent ETF providers. The Bitwise XRP ETF attracted $11.54 million, boosting its total assets to $649 million. Meanwhile, the Franklin XRP ETF saw $6.50 million in inflows and reported a cumulative AUM of $492 million.
| ETF Name | September 23 Inflow | Total Assets (AUM) |
|---|---|---|
| Bitwise XRP ETF | $11.54 million | $649 million |
| Franklin XRP ETF | $6.50 million | $492 million |
According to available figures, the combined AUM of the seven approved U.S. spot XRP ETFs reached $1,797.93 million as of September 23. This total places the sector within reach of crossing the $2 billion milestone in the near future.
Supply impact and ETF market structure
In addition to growing assets, ETFs continue to remove substantial volumes of XRP from the circulating supply. Currently, a total of 1.141 billion XRP is held in custody to support ETF shares. This figure represents 1.1411% of XRP’s maximum supply, which is permanently capped at 100 billion coins.
With a daily ETF trading volume reported at $63.13 million and cumulative net inflows reaching $1.748 billion, the infrastructure for spot XRP ETFs appears resilient. Notably, this stability stands out against recent fluctuations and outflows observed in comparable spot Bitcoin and Ethereum funds.
If recent inflows persist, total managed assets for spot XRP ETFs are projected to surpass the $2 billion psychological threshold in October. This would further establish Wall Street’s presence in the alternative digital asset market, highlighting XRP’s growing appeal among institutional players.
Institutional investors accelerated holdings in spot XRP funds to nearly $2 billion in assets under management, even as the token experienced a 5–6% price decline. The trend reflects a willingness to accumulate during market weakness, setting the stage for potential further inflows in the coming weeks.
Mini dictionary: Bitwise and Franklin, two major ETF providers, manage investment vehicles that allow institutional and retail investors to gain regulated exposure to cryptocurrencies like XRP without directly holding the token.
