XRP ETF Inflows Hit $1.57B as Price Hovers Near $1.40 Amid Spot Selling

• Bitwise XRP ETF attracted $15.4 million in client subscriptions, extending regulated exposure as XRP traded near $1.40.
• Seven U.S. spot XRP funds recorded $1.57 billion in cumulative inflows by August 24, with Bitwise leading at $542 million.
• Sustained ETF buying contrasts with spot price volatility driven by leverage liquidations and ongoing sell-side pressure.
• Mastercard is deepening integration with the XRP Ledger through hackathon sponsorship and stablecoin settlement exploration.
• Traders are monitoring the $1.30 support level and the $1.40 recovery zone to gauge market sentiment.

The Bitwise XRP ETF drew a reported $15.4 million from clients, extending regulated exposure while XRP traded close to $1.40. The purchase reflects investor subscriptions through Bitwise rather than a discretionary XRP acquisition by the asset manager with corporate funds. Seven U.S. spot XRP funds reached $1.57 billion in cumulative inflows by August 24, with Bitwise leading the category at $542 million. ETF demand continued while XRP moved between the $1.30 area and roughly $1.40, showing that spot selling still affected near-term price action.

The Bitwise XRP ETF gives brokerage investors price exposure without private keys or crypto exchange accounts. Bitwise launched it on the New York Stock Exchange in November 2025. The product holds spot XRP and charges a management fee. When money enters, authorized market participants can create additional ETF shares. The structure supports matching exposure through XRP held by the fund. Thus, the reported $15.4 million reflects client subscriptions, not Bitwise using its corporate balance sheet.

The purchase does not reduce XRP’s total supply. It can place tokens into custody and limit immediately tradable inventory, depending on settlement. This differs from a permanent supply cut or token burn. Broader XRP ETF inflows strengthened during August. Seven U.S. spot products reached $1.57 billion in cumulative net inflows by August 24. Bitwise led with $542 million, followed by Canary Capital and Franklin Templeton. Trading activity rose alongside subscriptions. Bitwise recorded $125 million in single-day volume on August 20. Its fund cleared $200 million across three sessions through August 24. Volume measures market activity, but not every trade brings new capital.

Why Has XRP Price Remained Volatile Despite ETF Inflows?

XRP’s price has not matched recent subscriptions. The token pulled back after its rally stalled and returned to the $1.30 zone. It later traded around $1.40, with short-term selling and fresh demand operating together. ETF flows form only one part of a global market. XRP trades continuously across centralized exchanges, decentralized venues, and derivatives platforms. U.S. spot ETF creations occur during market hours, so activity elsewhere can dilute their immediate price effect.

Leverage also shaped the move. Futures traders expanded positions during the rally, increasing forced-liquidation risk when prices reversed. Such selling can outweigh daily institutional XRP demand, even while regulated products record inflows. Recent XRP ETF inflows extended across sessions in two consecutive trading weeks. That pattern measures demand more clearly than volume alone. Volume counts purchases and sales, while net inflows track capital entering after redemptions. Subscriptions do not ensure an immediate rally. Fund purchases can support market depth, but price also depends on holder sales, leverage, liquidity, and broader sentiment. Sustained inflows must absorb those competing flows.

The Bitwise XRP ETF shows continued regulated demand, not proof that selling has ended. Traders are monitoring $1.30 after the retreat and the recovery near $1.40. Holding that range would show buyers absorbing supply; another break would show distribution controlling price. The divergence between positive ETF buying and price retreat highlights the complex interplay between institutional demand and broader risk appetite. For investors, the key levels to watch are a recovery above $1.43–$1.45 or a decisive break below $1.36, which could expose the $1.30 area.

How Is Institutional Adoption Expanding Beyond ETFs?

Mastercard is expanding its presence around the XRP Ledger ecosystem, sponsoring an upcoming hackathon in New York focused on protocol development and agentic finance. This involvement extends beyond developer events; in June, Mastercard announced it would broaden settlement capabilities to regulated stablecoins, including Ripple USD (RLUSD), across networks like the XRP Ledger. A separate initiative with Ripple, WebBank, and Gemini is exploring RLUSD-based settlement for card transactions, though this remains in the exploration phase.

Despite this institutional narrative, XRP price action has struggled to hold onto its August rally. The token traded around $1.38–$1.39 after slipping below $1.40, with a recent low near $1.36 serving as a key technical support level. This pullback follows a period where large holders added approximately 190 million tokens and ledger activity approached 1.9 million daily transactions.

Institutional flows continue to provide a counterweight to the price correction. U.S. spot XRP ETFs recorded their strongest week in over three months, with cumulative net inflows reaching approximately $1.55 billion. This divergence between positive ETF buying and price retreat highlights the complex interplay between institutional demand and broader risk appetite. For investors, the key levels to watch are a recovery above $1.43–$1.45 or a decisive break below $1.36, which could expose the $1.30 area.

Traditional cross-border transfers can take days and cost up to 6%. XRP enables transactions in under 5 seconds for a fraction of a cent, offering a modern alternative to legacy rails. Many financial institutions are using the XRP ledger for the settlement and trading of tokenized real-world assets. XRP remains required for core ledger functions for executing transactions, maintaining wallet reserves, and establishing trustlines. A USD-backed stablecoin on the XRP Ledger, Ripple USD (RLUSD), has seen strong early adoption and enhances ledger utility across payments, liquidity, and onchain finance.

The 21shares XRP ETF (TOXR) provides direct exposure to XRP, tracking the FTSE XRP Index while holding XRP assets directly. The product targets investors seeking access to XRP's utility in cross-border payments and institutional settlement without using the 40 Act registered structure. This diversification of products supports a broader ecosystem where ETFs, stablecoins, and institutional partnerships converge. As the market navigates short-term volatility, these structural developments suggest a long-term shift in how XRP is integrated into traditional finance.

The interplay between regulated product demand and spot market dynamics will likely continue to define XRP's price action. While ETF inflows demonstrate sustained interest from institutional investors, the immediate price impact is mitigated by leverage and continuous global trading. Investors must weigh the strength of cumulative inflows against the persistent sell-side pressure that has kept XRP in a consolidation range. The coming weeks will be critical in determining whether the $1.30 support holds or if further downside is likely.