XRP Spot ETFs Reach Record Trading Volume and $1.57 Billion in Net Inflows

U.S. spot exchange‑traded funds (ETFs) that hold XRP have entered a rapid growth phase. Seven funds now control roughly 995 million XRP tokens, and cumulative net inflows have topped $1.57 billion.

Record‑breaking trading activity

On August 20, 2026, Bitwise’s XRP ETF recorded $125 million in single‑day trading volume, a 42 % increase over the previous record. Within three sessions the fund’s volume surpassed $200 million, with daily peaks above $60 million and $80 million.

ETF inflow dynamics

• August net inflows reached $56.86 million, more than double July’s $27.29 million.
• Weekly inflows jumped from $1.01 million (ending Aug 8) to $39.78 million (ending Aug 22).
• By August 24, Bitwise led cumulative inflows with $542 million, followed by Canary Capital ($468 million) and Franklin Templeton ($434 million).

Fee competition

Expense ratios have compressed quickly. Franklin Templeton’s XRPZ charges 0.19 %, the lowest for a spot crypto ETF, while Bitwise’s fee ranges from 0.25 % to 0.34 %, Grayscale 0.35 % and 21Shares 0.39 %.

Whale accumulation

Addresses holding 1‑10 million XRP added about 380 million tokens during the week of August 18, raising total holdings in that bracket from 16.05 billion to 16.36 billion XRP.

Derivatives market swing

• Open interest on XRP futures rose 27 % to $3.50 billion over seven days.
• Short positions worth $33 million were liquidated on August 20, followed by a $500 million long‑liquidation cascade on August 22.
• Despite the flash‑crash, spot ETF inflows remained positive.

Infrastructure outlook

The combined growth of spot ETFs, fee compression, whale buying and expanding futures open interest indicates that the XRP market infrastructure is scaling faster than price movements suggest.