The outflow of Bitcoin ETF funds is in sharp contrast to the continued inflow of XRP funds

On September 10, 2026, the U.S. spot Bitcoin ETF suffered a net outflow, and the XRP Fund continued its inflow trend.

On September 10, 2026, the U.S. spot Bitcoin exchange-traded Fund (ETF) recorded a net outflow of US$282.7 million, which was the third consecutive trading day for which funds had flowed out. At the same time, XRP-related funds recorded another day of inflows, allowing their positive outflow to continue. As of press time on September 11, the price of Bitcoin was approximately US$77,257, down 1.5% from the previous day. Currently, the outflow of funds from Bitcoin ETFs and the demand for XRP funds are in the opposite direction.

Core Points

• Continuous net outflows: On September 10, 2026, the U.S. spot Bitcoin ETF recorded net capital outflows for the third consecutive day, with ARKB Fund leading the outflows.
• XRP Capital Inflows: XRP-related funds continued the reported inflow trend, but their underlying daily data could not be independently verified.
• Limitations of flow differences: The reverse flow of funds does not prove that capital has been transferred from Bitcoin products to XRP funds.

Bitcoin ETF records record capital outflows

On September 10, 2026, the U.S. spot Bitcoin ETF recorded a net redemption amount of US$282.7 million, which is the largest redemption in a single day in the current downward cycle. This also marks the third consecutive trading day that the sector is in a negative range.

It needs to be clear that daily data reflects net subscriptions and net redemptions among funds, rather than changes in trading volume, spot price fluctuations or total assets under management. According to Farside Investors, the net outflow for the day was US$282.7 million; BeInCrypto quoted SoSoValue data showing it at US$282.6 million. Although the totals used by the two institutions are slightly different, making the data not directly interchangeable, both reflect a significant trend of capital withdrawals.

Specific fund performance

Farside data shows that capital outflows this week showed a cumulative trend: a net outflow of US$46.6 million on September 8, and a net outflow of US$120.2 million on September 9, followed by a larger redemption on Wednesday. It is worth noting that as recently as September 3 last week, the same funds attracted a net inflow of $730.8 million.

From the fund level, redemption behavior is highly concentrated. On September 10, ARKB Fund contributed US$164.3 million in outflow, becoming the largest single negative item of the day. The performance of other major funds is as follows:

• GBTC: Outflows of US$36.4 million
• FBTC: Outflows of US$33.6 million
• IBIT: Outflows of US$24.5 million
• HODL: Outflow of US$15.3 million
• BitB: Outflow of US$12.6 million

Morgan Stanley's MSBT fund bucked the trend, recording a net inflow of $4 million, continuing its previous momentum of no-outflow trading. The wave of redemptions came as Bitcoin prices hovered around $77,257 and fell 1.5% in 24 hours. This continued the pattern of price stagnation accompanied by large outflows from ETFs, and followed the previous nine-day outflow trading day that ended in streak.

XRP funds continue their inflow trend

While Bitcoin products experience capital outflows, XRP-related funds are moving in the other direction. According to unconfirmed reports (BeInCrypto cited SoSoValue data), the XRP Fund attracted $5.1 million on September 10, its third consecutive trading day of net inflows.

However, the XRP token itself did not follow the flow of funds. Its price fell 2.6% to $1.35 in 24 hours. This inflow trend contrasts with overall weak price movements, highlighting possible deviations between fund capital flows and spot returns.

Measurement of the inflow trend of XRP funds

This trend is reported on a daily basis. A single source pointed out that in the past 20 trading days, XRP funds had only one day of outflow, namely, a redemption of US$7.2 million on September 2, and the cumulative net inflow during the period was US$190.5 million. Due to the lack of independent access to the underlying XRP daily series and trend calculation process, this article refers to them as "XRP funds" rather than confirmed ETFs.

Any direct comparison with Bitcoin ETFs requires caution: XPP's total funding comes from a single publisher, and the product structure and jurisdiction of both datasets have not been independently verified. Therefore, Farside's Bitcoin data should not be combined with the total XRP attributed to SoValue.

Implications for investors from divergence in capital flows

This comparison is real, but it is also limited. The mere fact that funds are flowing in the opposite direction does not establish the claim that funds left the Bitcoin ETF were used to purchase XRP funds, as these datasets come from different providers and cover different products.

In addition, the flow of funds does not work well as an independent predictor of token prices. Despite the inflow trend of XRP funds, both BTC and XRP have fallen in the past 24 hours. The overall market's "Fear and Greed Index" currently reads 56 (Greed), which measures overall market sentiment rather than the intentions of ETF holders.

Observe whether divergence in fund flows continues

The key monitoring point is the next Bitcoin ETF fund flow trading day, which will confirm whether the outflow operation will reach the fourth day and whether the XRP fund will record inflows for the fourth consecutive trading day. Assessing this continuity requires additional comparable reporting cycles, not just differences on a single trading day.

Disclaimer : This article is for reference only and does not constitute financial or investment advice. There are significant risks in the cryptocurrency and digital asset markets. Be sure to conduct independent research before making a decision.