U.S. Spot XRP ETFs Record $121.4 Million in Inflows Through Sept. 28
The funds extended a five-session inflow streak, while combined net assets fell to $1.69 billion after Sept. 28 as XRP declined.
U.S. spot XRP exchange-traded funds attracted $121.4 million in net inflows during September through Sept. 28, extending a five-session inflow streak.
The inflows have not translated into higher assets. Combined net assets fell to about $1.69 billion after the Sept. 28 session from $1.77 billion on Sept. 25, as XRP declined from a Sept. 23 intraday high of $1.6581 to a Sept. 29 close of $1.4902.
The funds recorded approximately $75.6 million in inflows across the four sessions from Sept. 22-25. Another $3.96 million entered the products on Sept. 28, with the entire amount going to Canary Capital’s XRPC.
The divergence highlights how ETF assets can decline even while investors add money. New shares may bring fresh capital into the funds, but the value of the XRP already held falls when the token’s market price declines.
September’s inflows also remain below August’s total of more than $150 million.
Ripple’s monthly escrow schedule will provide another factor for XRP traders to watch in October. Ripple’s escrow system can release up to 1 billion XRP each month, making the schedule relevant to the asset’s available supply.
