U.S. Spot XRP ETFs Accumulate $1.68 B in Net Inflows, Assets Near $1.48 B

U.S. spot XRP exchange‑traded funds (ETFs) reported cumulative net inflows of approximately $1.68 billion, reflecting capital raised since the products began trading. Combined net assets stood at roughly $1.48 billion on September 4, 2026, with the daily session showing no net inflow or outflow.

Monthly Flow Highlights

Quarter‑two inflows contributed $273 million to the total, broken down as follows:

• April: $81.59 million
• May: $131.94 million
• June: $59.46 million

September’s early sessions were uneven, with a $7.20 million outflow on September 2 followed by a $6.14 million inflow on September 3, leaving the cumulative figure unchanged on September 4.

Bitwise XRP Fund Dominance

Bitwise’s XRP ETF held about 362 million XRP, valued at $507.5 million on September 3. The fund reported net assets of $507.46 million, 32.41 million shares outstanding, and an expense ratio of 0.34%. This marks the fund crossing the $500 million asset threshold roughly nine months after its November 2025 launch.

On‑Chain Activity and Market Context

Analysis of XRPL ledger data showed a rise in daily DEX volume to an average of 4.42 million XRP in Q2, about 20 % above the prior‑year level, while the number of active trading accounts fell from 1,864 to 1,111 per day. Order‑book volume increased 79 % to 3.57 million XRP per day.

Bitwise’s ETF recorded over $200 million in trading volume across three consecutive sessions, including more than $80 million on August 24, reflecting share turnover rather than new capital inflows.

Industry Landscape

The U.S. spot XRP ETF market includes products from Canary Capital, Franklin Templeton, 21Shares, Bitwise, Grayscale, and REX‑Osprey, offering indirect XRP exposure through brokerage accounts with varying fee structures and custody arrangements.