On September 12, Spot $XRP ETFs recorded a total net inflow of $8.73 million, highlighting a steady rise in institutional interest in the cryptocurrency. Leading the surge was the Canary XRP ETF, which saw the largest single-day inflow of $6.08 million. Since its inception, Canary XRP ETF has accumulated a total of $371 million, making it one of the most successful XRP-focused ETFs in the market.
Following Canary, the Bitwise XRP ETF contributed an additional $1.42 million in inflows, bringing its cumulative holdings to $193 million. Collectively, the total assets under management (AUM) for all Spot XRP ETFs now stand at $945 million. Despite this growth, ETFs still represent a relatively small fraction of XRP’s total market capitalization, with a holding ratio of just 0.74%.
If this ratio were to increase to 5% in the future, it could signal substantial upside potential for XRP as institutional adoption strengthens. While the current trend underscores growing confidence from professional investors, market participants should remain cautious and conduct their own research before making any investment decisions.
