XRP Falls Despite Third Day of ETF Inflows
Bitwise and Franklin Templeton again saw inflows into their U.S. spot XRP ETFs, but the token price still slipped. That highlights the gap between fund demand and the spot market.
Key Takeaways
- U.S. spot XRP ETFs from Bitwise and Franklin Templeton together pulled in about $22.65 million in net inflows on September 25.
- The XRP price fell about 4.6 percent that same day to around $1.54, despite the strong ETF inflows.
- 24-hour volume dropped to about $4.97 billion, while XRP's market cap came in at around $96.89 billion.
U.S. spot XRP ETFs from Bitwise and Franklin Templeton together pulled in about $22.65 million (€19.9 million) in net inflows on Thursday, September 25, but the XRP price fell about 4.6 percent that same day to around $1.54 (€1.35). The numbers show that strong demand through ETF products does not automatically lead to higher spot prices.
Inflows Stay Strong
Bitwise was by far the biggest draw on September 25, with about $18.39 million (€16.2 million) in inflows. That brought the fund's cumulative net inflows to about $677 million (€595 million). The Franklin XRP ETF followed with about $4.26 million (€3.7 million), bringing its cumulative total to more than $501 million (€440 million).
Together, the spot XRP ETFs stood at about $1.77 billion (€1.6 billion) in net assets at that point. The historical cumulative net inflows edged toward $1.79 billion (€1.6 billion). Two days earlier, on September 23, there was also a positive session with about $18.04 million (€15.9 million) in combined inflows.
Why the Price Lagged
The contrast between inflows and price action is striking, but not unique. XRP trades in a market where demand through regulated ETFs sits alongside other forces, such as broader market sentiment and the supply of XRP that Ripple releases into the market each month. Because of that, inflows into funds can show extra interest without the spot price moving right away.
The trading picture also highlighted that difference. 24-hour volume fell to about $4.97 billion (€4.4 billion), down 22.06 percent, while XRP's market cap came in at about $96.89 billion (€85.2 billion). That suggests ETF flows and trading in the token itself do not always move in the same direction.
Earlier, the combination of ETF inflows and short covering showed just how quickly XRP can react when the market does move in the same direction.
What This Means for Investors
For European crypto readers, this is especially relevant because XRP ETFs show how regulated products are becoming a new gateway for demand for the token. At the same time, this session makes it clear that inflows into these products are not the same as direct buying pressure in the spot market. The difference between the two can help put XRP's short-term moves into better context.
