XRP ETFs Now Hold 1.7% of All XRP After Crossing $1.70 Billion. Who Is Still Buying at $1.36?
Fresh money keeps flowing into XRP ETFs even as their holdings lose value, raising a question that the price alone cannot answer: who keeps buying, and what are they signaling about where XRP goes next?
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XRP (CRYPTO:XRP) trades at $1.36 today, up nearly 1% over the past 24 hours. The move follows a weaker session on September 10, when U.S. spot XRP exchange-traded funds still recorded $5.14 million in net inflows, according to SoSoValue, even as total net assets across the funds fell 4% that day.
The funds brought in another $12.29 million on September 9, pushing cumulative net inflows since launch above $1.70 billion. With fresh money flowing into XRP ETFs even as their holdings lose value, who is buying, and what does the ETF flow say about XRP’s next move?
XRP ETFs Took In Money While Price Fell 4%
U.S. spot XRP ETFs recorded $5.14 million in net inflows on September 10, 2026, according to SoSoValue. The funds brought in another $12.29 million the day before, for $17.43 million in fresh inflows across two sessions.
Net inflows show how much money investors added to ETF shares after deducting redemptions. They do not tell us how the underlying XRP performed. An ETF can attract new money while its XRP holdings lose value because new share creations and XRP’s market price are driven by different transactions.
Total net assets fell from $1.51 billion on September 9 to $1.45 billion on September 10, down about $60 million, or 4%. So investors were still adding money to the funds, but the value of the XRP they already held fell by much more. The flow data shows continued buying interest, while the assets figure reflects the weaker XRP price.
XRP ETFs Zero-Outflow Streak Broke on September 2
The streak finally broke on September 2, 2026, when U.S. spot XRP ETFs recorded a $7.20 million outflow. But the setback lasted just one session. Inflows returned with $6.14 million on September 3, followed by a flat day on September 4.
After a short gap in the data, money started flowing in again on September 8 with $1.55 million. The pace then picked up sharply, with $12.29 million on September 9 and another $5.14 million on September 10. Trading volume on September 10 reached $29.43 million, according to SoSoValue’s daily history.
The bigger point is that one outflow was quickly followed by fresh inflows, and cumulative net inflows still crossed $1.70 billion by September 9. So far, the ETF flow data shows buyers stepping back in whenever redemptions briefly appear.
How Much XRP Is Actually
Inside the Funds
SoSoValue puts XRP ETF net assets at about 1.70% of XRP’s market cap. That does not mean the funds directly hold 1.70% of all XRP in circulation, although the figures are close in this case.
Using the $1.45 billion in net assets and XRP’s $1.36 price gives an estimated 1.07 billion XRP held across the funds. Compared with the roughly 62.87 billion XRP in circulation, that is about 1.70%. This is a derived estimate that assumes the funds’ net assets are essentially backed by spot XRP.
The bigger point is what happens to those coins once they enter the funds. XRP held in ETF custody is no longer freely traded unless the funds redeem shares and release the coins. So when the ETFs took in $17.43 million over two sessions, that represented additional demand for XRP that moved coins into fund custody, regardless of where the price traded.
Who Is Buying at $1.36?
The two-day $17.43 million inflow points to steady demand from investors who already use ETFs as their preferred way to gain XRP exposure. Net assets fell by about $60 million over the same period, yet the inflow continued, suggesting some allocators are still adding exposure even as XRP’s price weakens.
The flow does not prove that institutions are buying, and it does not show that XRP has found a bottom. It simply shows that money is still entering the funds. Investors may be buying on a schedule, adding small positions, or using ETFs because they fit more easily into existing investment accounts.
The next test comes when the Federal Reserve decides rates on September 16, 2026. If XRP falls but the ETFs continue to attract money, the current pattern remains intact. If the Fed decision triggers a wave of redemptions, September 2 may prove to have been the early warning.
Contact [email protected] for any questions or corrections.
Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.
