XRP ETFs Hold Over 1.7% of Circulating Supply Amid Continued Inflows
U.S. spot XRP exchange-traded funds (ETFs) have recorded $17 million in inflows over two sessions, pushing cumulative net inflows past $1.70 billion despite a recent price drop to $1.36 per token. The ETFs now hold approximately 1.07 billion XRP tokens, representing more than 1.7% of the total circulating supply and reducing the amount available for trading in open markets. The inflows have been driven primarily by institutional investors and registered investment advisors (RIAs) rather than retail traders showing strong conviction. The Federal Reserve's upcoming rate decision on September 16 is seen as a key event that could influence investor sentiment further. Despite XRP’s price decline, the ETFs continue to attract capital, indicating ongoing interest in the asset class. The funds recorded $5.14 million in net inflows on September 10 and an additional $12.29 million on September 9. While total net assets fell by about $60 million during this period due to price declines, new money continued flowing into ETFs.
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