US spot XRP exchange-traded funds have accumulated almost 1.18 billion XRP, a holding broadly comparable with the 1 billion tokens Ripple’s escrow could release on 1 October.
The seven funds collectively hold 1,179.62 million XRP, equivalent to 1.18% of the cryptocurrency’s fixed 100 billion supply. Their combined assets are valued at about $1.82bn.
The largest positions are concentrated among a small number of issuers. 21Shares’ TOXR holds 107.4 million XRP, while Grayscale’s GXRP has 59.8 million. Rex-Osprey’s XRPR holds 35.2 million and Bitwise’s broader index fund, BITW, contains 21.2 million XRP.
XRP trackers highlighted the latest milestone after funds added 48.39 million XRP in week 39. Demand is also coming from companies outside the ETF market. XRP treasury firm Evernorth has placed the XRP community at the centre of its plans for a Nasdaq listing, underlining the competition among regulated investment products and corporate balance sheets for the available supply.
Every XRP transferred into an ETF’s custody is removed from exchange order books, making fund holdings an important metric for market participants alongside the price.
Most of the latest investment went into two products. Data from Sosovalue showed that XRP ETFs received $75.59m between 21 September and 25 September. Bitwise accounted for $58.99m and Franklin Templeton $16.60m, taking their cumulative inflows to $677m and $501m respectively.
XRP Insights’ weekly supply report recorded modest outflows on Monday and Friday, with 716,000 XRP leaving funds on Monday and 473,000 on Friday. Those movements were outweighed by three stronger sessions, when daily additions ranged from about 10 million to 12.7 million XRP.
The report’s calculation, covering 18 September to 26 September, produced a net increase of 34 million XRP. Different trackers have published different weekly totals because they use different reporting periods.
On a cumulative basis, the funds’ net assets stand at $1.77bn, compared with $1.79bn in net inflows. That means the average dollar invested is slightly below its entry value. Bitcoin.com News also reported a similar position among long-term traders, who remained down 11.75% after the recent rebound.
Ripple’s onchain escrow contains 31.98 billion XRP, or about 32% of the total supply, while a further 4.74 billion XRP is held in operational wallets. The next monthly escrow window opens on 1 October and allows for the release of up to 1 billion XRP.
That maximum release would equal about 85% of the XRP accumulated by US spot ETFs since their launch. Historically, Ripple has re-locked tokens that were not used, meaning the release ceiling does not usually represent the amount that reaches the market.
Publicly attributed exchange wallets held 21.14 billion XRP. Across the tracked wallets, exchange balances fell by a net 625.9 million XRP during the week.
XRP was trading near $1.48 on Binance, down about 2% on the day and below its $1.66 high on 23 September. Kalshi traders who had priced in a September move to $1.70 had two days remaining.
Market conditions have also offered little support. Bitcoin fell to $82,705 today, despite US spot bitcoin ETFs recording $2.39bn of inflows during the same week roughly 32 times XRP’s total.
Veteran trader Peter Brandt has pointed to XRP’s long-term price pattern as a potential betting opportunity, while questioning unquestioning loyalty to the asset. However, continued ETF inflows have not yet pushed XRP through resistance.
