Spot XRP exchange-traded funds (ETFs) in the United States saw combined net inflows reach approximately $22.65 million on September 25, according to data from SoSoValue. This latest influx extends a streak of positive institutional buying in XRP-focused investment products, even as the token’s price experienced renewed selling pressure.
Institutional appetite for XRP continues
Bitwise’s XRP ETF led the session, attracting about $18.39 million in inflows—raising its cumulative net intake to roughly $677 million. Franklin’s XRP ETF followed with a daily inflow of $4.26 million, bringing total historical net inflows for that fund to nearly $501 million.
Altogether, spot XRP ETFs held net assets of $1.77 billion as of the latest session. Cumulative historical net inflows across all products reached approximately $1.79 billion. According to SoSoValue’s reporting, XRP made up around 1.80% of these funds’ overall net asset value.
The new inflows marked the second consecutive session of positive momentum for XRP products. On September 23, net inflows totaled $18.04 million, with Bitwise and Franklin once again accounting for the bulk of investor demand. Bitwise received $11.54 million that day, and Franklin added $6.50 million, bringing their cumulative totals to $649 million and $492 million, respectively.
These patterns signal that institutional demand for spot ETF exposure in XRP has remained steady, despite unfavorable price movement in the underlying asset.
Divergence between ETF flows and spot prices
Although ETF inflows can point to robust demand among institutional investors, such figures typically reflect capital entering or leaving investment products rather than immediate changes in the asset’s spot price.
XRP’s spot price fell to approximately $1.54 on Friday, down about 4.6% over the previous 24 hours, with market capitalization declining to $96.89 billion and trading volume shrinking by 22.06% to $4.97 billion.
The sustained ETF inflows have yet to deliver upward momentum to the XRP price, underlining a disconnect between institutional product inflows and prevailing market sentiment for the token. Market analysts noted that persistent selling pressure in spot markets can offset positive signals from ETF funds, resulting in a divergence between product flows and underlying price performance.
Wider crypto ETF market trends
Other leading crypto ETFs recorded positive net flows on September 25. US spot Bitcoin ETFs saw net inflows of around $134 million, maintaining an inflow streak for seven consecutive sessions. BlackRock’s IBIT dominated, with nearly $97 million funneled into its funds, while Fidelity’s FBTC added about $49.32 million.
Ethereum spot ETFs also stayed in positive territory. Net inflows amounted to roughly $86.95 million, extending their own six-session inflow run. BlackRock’s ETHA and ETHB products together attracted more than $82 million of that total.
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While these robust inflows point to enduring institutional interest in gaining exposure to major cryptocurrencies through ETFs, short-term price direction remains sensitive to broader market dynamics.
ETF flows represent ongoing institutional participation, but the recent decline in XRP price demonstrates that these positive trends in fund inflows have not been sufficient to counteract persistent pressure in the spot market.
