XRP ETFs Add $18.04 Million as Token Faces Price Weakness

U.S. spot XRP exchange-traded funds recorded $18.04 million in net inflows on September 23, even as XRP traded amid recent price weakness. The daily total, attributed to SoSoValue, included $11.54 million for Bitwise and $6.50 million for Franklin Templeton. Reports put cumulative ETF inflows at either $1.748 billion or $1.73 billion, reflecting different reported snapshots or aggregations that the available information does not reconcile. X Finance Bull said September inflows had reached $61.87 million as of September 24 and put cumulative net inflows at $1.73 billion. SoSoValue’s reported figures put the cumulative total at $1.748 billion. The distinction matters when comparing the figures, but both indicate substantial accumulated inflows into the products. SoSoValue data also put the ETFs’ net assets at about $1.65 billion, equal to 1.77% of XRP’s market capitalization. The two named funds accounted for all reported net inflows on September 23. One day of subscriptions, however, does not establish whether demand continued afterward or whether ETF buying would offset broader selling in XRP. At the time of one September 24 report, XRP was quoted at $1.50, down 7.