During the September 8 session, XRP ETFs saw $1.55 million in net inflows. Such a result positions XRP ahead of bitcoin, Ethereum and Solana over a day, without calling into question the cumulative dominance of Bitcoin funds.
In brief
- XRP ETFs capture $1.55 million, alone in the green on September 8.
- Bitcoin, Ethereum, Solana and Hyperliquid record net outflows in the same session.
- XRP’s advance remains occasional, far behind Bitcoin in cumulative and weekly flows.
- XRP rises to around $1.43, with an increase of close to 3%.
- Several positive sessions will be necessary to confirm a sustainable turnover of capital.
XRP ETFs alone attract new capital
In the United States, listed XRP ETFs returned to inflows after a session without the slightest flow. Net subscriptions were around $1.55 million.
At the same time, the other three categories recorded exits. Bitcoin ETFs notably interrupted a series of three consecutive sessions in the green in data provided by SoSoValue.
The flows obtained this September 8 are distributed as follows:
- XRP ETFs received $1.55 million;
- Bitcoin ETFs lost $46.65 million;
- Ethereum ETFs suffered $24.29 million in withdrawals;
- Solana ETFs saw an outflow of $667,720.
As for ETFs linked to Hyperliquid, they also lost $12.96 million. XRP funds therefore represent the only products to have raised new capital among these five categories.
However, this first place remains relative. The amount obtained by XRP ETFs remains 30 times lower than the outflows observed on Bitcoin funds. In fact, their advance comes mainly from the shift into the red of other products.
This advance remains limited to a single session
The five spot XRP ETFs manage $1.51 billion in assets. Therefore, their cumulative net inflows are around $1.69 billion, according to figures reported.
The $1.55 million collected on September 8 constitutes less than 0.1% of this historic total. These products therefore attracted approximately $173 million over one month. The last session therefore only weighs 0.9% of this amount.
Furthermore, the comparison with bitcoin is even more unbalanced. Bitcoin ETFs have nearly $55.59 billion in net inflows. This sum exceeds that of XRP funds by approximately 33 times.
This gap is confirmed by the weekly data. In the week ended September 4, Bitcoin ETFs collected $986.9 million. As for XRP funds, they collected almost $19 million over the same period.
On a specific session, XRP therefore outperforms other cryptos. However, it does not dominate weekly flows or cumulative subscriptions. Various positive days would be necessary to confirm sustainable capital turnover.
The price of XRP rises to around $1.43
XRP moved almost 3% after September 8 entries. Its price thus returned to the $1.43 zone, after numerous sessions marked by weaker activity.
This simultaneous increase does not prove that ETFs triggered the rise. The $1.55 million received remains modest compared to the volumes traded daily on the spot and derivatives markets.
ETF flows also do not allow for precise identification of end buyers. They measure share creations and redemptions, but do not always distinguish institutional investors from other players.
The next confirmation will depend on the regularity of subscriptions. Thus, the XRP ETFs will have to maintain positive flows for several sessions, while bitcoin and Ethereum will remain under pressure. Otherwise, this outperformance will remain a simple daily deviation.
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