XRP ETF demand returned just as investors pulled heavily from Bitcoin and Ethereum funds. On September 16, XRP ETFs recorded $3.5 million in net inflows, while Bitcoin and Ethereum ETFs lost about $520 million combined.
This has created a sharp split in institutional crypto flows after the Fed’s latest rate hike.
According to SoSoValue data, U.S. spot XRP ETFs saw around $3.5 million in net inflows on September 16. Franklin Templeton’s XRPZ led the inflows, adding $3.5013 million.
XRP ETFs recorded no net flow on September 15. The latest inflow takes total XRP ETF inflows to around $1.72 billion, while total assets under management are near $1.4 billion.
Despite the fresh ETF inflow, XRP’s price stayed near $1.30 and failed to make a strong move higher.
While XRP ETFs saw fresh money, Bitcoin ETFs faced heavy selling. U.S. spot Bitcoin ETFs recorded $295.98 million in net outflows on September 16. BlackRock’s IBIT saw the largest outflow at around $144.1 million, followed by ARKB and Fidelity’s FBTC.
On September 15, Bitcoin ETFs lost a combined $450.4 million, reversing the $159.9 million inflow seen the previous day.
Ethereum ETFs also saw strong outflows, losing around $224.11 million on September 16. BlackRock’s ETHA led the selling with about $110 million. Over the past two days, Ethereum ETFs saw total outflows of around $366.4 million.
Together, Bitcoin and Ethereum ETFs saw about $520 million leave their funds on September 16.
The ETF outflows came as the Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4% on September 16. Higher rates can make investors more careful about risky assets.
Despite this wider pressure, XRP ETFs continued to attract fresh money.
As of now, XRP is trading near $1.30 after gaining around 1.4%.
However, Prominent crypto analyst Ali Martinez said XRP needs to hold the $1.31-$1.35 support zone before making another move higher.
The main resistance is near $1.38. According to Martinez’s chart setup, a break above this level could open the way toward $1.60.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Story Highlights The Kusama Price today is $ KSM could attempt a move toward $8.94…
Crypto data leaks are back in the spotlight after four reported incidents involving cryptocurrency platforms…
XRP price could see increased volatility as Ripple Swell 2026 begins in New York. Investors…
Bitcoin, gold and silver price are in focus ahead of the US Federal Reserve’s FOMC…
A wave of data leaks has hit the crypto and financial sectors today, with Coinbase…
Ripple Swell’s main event had not even started yet. Even so, Ripple used the opening…
