XRP ETF Inflows Reach New Heights Despite Token Price Decline

U.S. spot XRP ETFs attracted $14.38 million in net inflows on September 1, indicating strong institutional demand for the token despite its price decline.

This was the eleventh consecutive day of positive inflows, totaling about $170 million during this streak.

The largest contributor to these inflows was Franklin Templeton's XRPZ, which gained $6.63 million in new investment.

Grayscale's GXRP and Canary Capital's XRPC also saw significant inflows, with net investments of $4.35 million and $3.40 million respectively.

In contrast to the XRP ETFs, U.S. spot Bitcoin ETFs experienced $236.5 million in outflows, highlighting a divergence in investor interest between the two assets.