US Spot XRP ETF Inflows Hit $1.68 Billion Amid Growing Demand

U.S. spot XRP exchange-traded funds (ETFs) have accumulated $1.68 billion in net inflows, according to recent data.

The combined net assets of these funds stood at approximately $1.48 billion as of September 4, with some daily activity remaining uneven due to price volatility and market fluctuations.

Bitwise's XRP fund held around 362 million XRP on September 3, valued at about $507.5 million, and has been one of the largest products in the category since its launch in November 2022.

The expansion of U.S. spot XRP ETFs coincides with larger onchain XRP trades, as Evernorth's analysis found that daily DEX volume averaged around 4.42 million XRP during the second quarter, a 20% increase from the prior year's level.