XRP Eyes $2 Billion ETF Milestone on Aggressive Dip Buying

American spot $XRP ETFs have come close to the significant $2 billion mark in assets under management (AUM). The sector showed a rare countercyclical trend for the cryptocurrency market: large players aggressively bought the token as its price fell locally.

According to SoSoValue and $XRP Insights, net inflows into spot $XRP ETFs totaled $18.04 million on September 23. Notably, capital flowed into regulated products on a day when the token's price fell by 5–6%. This supports the view that institutional investors are focused on building long-term positions, ignoring short-term volatility and using the dip to make large purchases.

The day's entire inflow was split between two leading funds:

• Bitwise $XRP ETF: attracted the lion's share of the funds, with inflows of $11.54 million, bringing the fund's cumulative volume to $649 million.

• Franklin $XRP ETF: closed the session with $6.50 million in inflows, bringing its total collections to $492 million.

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Current figures show that the combined AUM of the seven approved U.S. ETFs has reached $1,797.93 million.

At the same time, the funds continue to steadily withdraw coins from circulation. At present, 1.141 billion $XRP is held in custody to back ETF shares. That is equivalent to 1.1411% of the token's strictly capped supply of 100 billion $XRP.

With daily trading volume of $63.13 million and total cumulative inflows of $1.748 billion, the $XRP ETF infrastructure is showing a level of stability that comparable Bitcoin and Ethereum funds have lacked in recent weeks.

If inflows continue at the current pace, the psychological $2 billion AUM threshold will officially be crossed in October as Wall Street firmly solidifies its footprint in the alternative digital asset landscape.