US Spot XRP ETF Inflows Reach $1.68 Billion Amid Market Growth

The US spot XRP ETF market has seen significant growth in recent months, with cumulative net inflows reaching $1.68 billion by September 4. This represents the total capital gathered since the products began trading.

The Bitwise XRP Fund is one of the largest players in this space, holding approximately 362 million XRP with a market value of $507.5 million on September 3. The fund has seen a notable increase in its XRP holdings, rising by about 75 million XRP from the end of the second quarter.

The ETF growth coincides with larger on-chain XRP trades, with Evernorth's analysis finding that daily DEX volume averaged 4.42 million XRP during the second quarter, a 20% increase above the prior-year level. Despite fewer accounts participating in these trades, order-book volume rose 79% to 3.57 million XRP per day.