Spot XRP ETF performance: Does XRP lead a rebound in cryptocurrencies?

The net assets of the spot XRP ETF reached US$1.45 billion, and the flow of funds deviated from the price trend.

According to BeInCrypto reported quoted by SoValue on September 11, 2026, the total net assets of the spot XRP exchange-traded fund (ETF) have reached US$1.45 billion. Meanwhile, XRP prices were trading around $1.36 after experiencing a one-day decline of about 2.8%. This data shows that the performance of spot XRP ETFs shows a capital flow characteristic that is opposite to the trend of token prices.

The latest snapshot of the XRP market

In the latest market snapshot, the latest transaction price of XRP is US$1.36, with a 24-hour change of approximately 1.12%. The market value is close to US$85.7 billion, and the 24-hour trading volume is approximately US$2.68 billion. In the past seven days, the price change of this token has been-2.57%. The current circulation supply is 62.88 billion pieces, and the total supply is 99.99 billion pieces of XRP.

Core indicator of the performance of spot XRP ETFs: size rather than return

The core indicator in the report is size, not return on investment. In its September 11, 2026 report, BeInCrypto cited SoSoValue data and set the total net assets of the XRP ETF at US$1.45 billion. It should be pointed out that net assets and cumulative net inflows are two different concepts. The same report shows that since its launch, the cumulative net deposit of XRP ETF has been US$1.70 billion. This is an independent measure of capital inflows rather than a current market value valuation.

• Reported XRP ETF Consolidated Net Assets: US$1.45 billion. This is data quoted by BeInCrypto through Yahoo Finance on September 11, 2026, sourced from SoSoValue. This is a second report, and the underlying position data set has not been independently verified.
Cumulative net deposits reported by
• for XRP ETF: US$1.70 billion. This is the cumulative net deposit data since its launch, which was also quoted by BeInCrypto via Yahoo Finance on September 11, 2026. Net deposits are different from net assets and return on investment; the underlying traffic dataset has not been independently verified.

The flow of funds remains highly consistent

The report shows that in the past 20 trading days, the XRP ETF has absorbed a total of US$190.5 million in funds, with only one trading day showing a negative value, that is, a net outflow of US$7.2 million occurred on September 2.

Product identity only confirms one fund

Bitwise confirmed that its XRP ETF (code XRP) began trading on the New York Stock Exchange on November 20, 2025 and holds spot XRP with a management fee rate of 0.34%. The rate is waived for the first month of the initial $500 million asset. It should be noted that this exemption policy at the beginning of the release is historical and not current rate concessions, and the report does not provide names or codes for the broader product line.

Comparison of XRP and Bitcoin Fund Flows

Cross-asset comparisons are the clearest comparisons supported by the report. Although the XRP Fund attracted inflows, the Bitcoin ETF experienced an outflow of $282.6 million on September 10 and totaled $449.4 million in three trading days (according to SoValue data).

This differentiation describes fund demand, not investment return, and the two are not interchangeable. Establishing a "crypto rebound winner" status requires comparing the returns of XRP, Bitcoin and Ethereum over the same dates, and the available evidence does not establish this link. In previous reports that XRP was lagging behind the overall rebound, a similar pattern of XRP ETF capital inflows but lagging token performance has also emerged.

This behavior is in a broad "risk-loving" market environment. As of September 12 Coordinated Universal Time, the Crypto Fear and Greed Index was reading 63, classified as "greedy." But this is an overall indicator of the market, not a specific indicator for XRP. Single-day XRP ETF capital inflows of similar sizes have been reported before, including a single-day net deposit of US$7.69 million. In daily crypto ETF traffic statistics, altcoin funds have shown growth, while Bitcoin has lost.

A key factor in maintaining or reversing the momentum of XRP ETF

The key signal to pay attention to is the persistence of capital flows versus price movements. The XRP ETF added $190.5 million in assets over 20 trading days, with only one day being negative, but the token still fell about 2.8% on September 10 to around $1.36. This suggests that continued capital inflows have not supported spot prices.

In addition, changes in net assets can also occur without new funds entering. The $1.45 billion asset base may fluctuate solely due to an increase or fall in XRP prices. Therefore, the cumulative net deposit data of US$1.70 billion can more clearly reflect investor needs than total assets.

The main risks lie in the volatility of XRP and reversals of capital flows. Outflows on September 2 show that this continuity is not unbreakable. At the same time, the gap between circulating supply and total supply complicates any framework on supply shares. Unconfirmed reports that the fund held 1.7% of XRP supply and absorbed US$5.14 million on September 10 should be cautious. Institutional interest in ETFs has expanded to multiple issuers, with the Bitwise cryptocurrency ETF reportedly attracting US$100 million in a single 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.