Bitwise Leads $22.65M XRP (XRP) Spot ETF Inflows on Sept. 25

US spot XRP ETFs drew $22.65M on Sept. 25, led by Bitwise's $18.39M, even as XRP fell 4.6% to $1.54; whales added 470M tokens worth $724M.

(12:19 AM UTC)
5 min read
AI SummaryAI
  • US spot XRP ETFs took $22.65 million net inflows on Sept. 25, led by Bitwise at $18.39 million.
  • Whales accumulated over 470 million XRP, worth roughly $724 million, across five days on-chain.
  • Bitwise filed a post-effective amendment to its XRP ETF registration with the SEC on Sept. 18.
  • Bitcoin spot ETFs recorded $134 million in inflows, a seventh straight session, with IBIT at $96.99 million.

Bitwise Leads $22.65M Inflow Day

United States spot XRP ETFs absorbed $22.65 million in net inflows on September 25, with Bitwise's fund capturing the day's largest share at $18.39 million. The session pushed Bitwise's cumulative net inflows to roughly $677 million, while Franklin's spot XRP ETF ranked second with $4.26 million, lifting its running total to about $501 million. Across all listed products, total net assets stood near $1.77 billion and cumulative historical net inflows reached $1.79 billion, with XRP representing approximately 1.80% of the funds' net asset value. The buying landed even as the underlying token came under pressure: XRP traded near $1.54 on Friday, down about 4.6% over 24 hours, as market capitalization slipped to roughly $96.89 billion and 24-hour volume contracted 22% to $4.97 billion. The session extended a positive Sept. 23, when the products drew $18.04 million — a reminder that demand for XRP investment vehicles and the wider XRP market can move on separate channels.

Whales Add 470 Million XRP

Large holders have been accumulating through the dip. On-chain data cited by analyst Ali Martinez shows whale balances rising from approximately 12.37 billion to 12.80 billion XRP over five days — an increase of more than 470 million tokens worth roughly $724 million at recent prices. The accumulation has tracked a recovery of about 28% from the $1.25 area, which carried the token to a local high near $1.58 before the latest pullback. Technically, that rebound has built the right shoulder of an inverse head-and-shoulders structure on the daily chart, with the neckline sitting close to $1.60. A confirmed break above it would activate a measured target near $2 — roughly 30% upside — while rejection would first expose support at $1.53 and $1.50, then $1.46 and $1.32 on a deeper correction. Whale redistribution across the layer 1 settlement network is only one input into the tokenomics equation, and other chartists mapping the next leg include a scenario hinging on the $1.75 level.

Bitwise Amends SEC Registration

The institutional plumbing behind the inflows also advanced. On September 18, Bitwise filed a post-effective amendment on SEC EDGAR to its spot XRP ETF registration statement, updating prospectus disclosures and folding in recent financial reports — a routine but meaningful step that keeps the fund's paperwork current as assets climb. Flow momentum has been persistent as well: the products collected $75.59 million in the week ending September 25, an 11th consecutive week of net inflows, a streak that began with the week of July 17. Weekly data show several individual weeks delivering outsized contributions, with Bitwise repeatedly the largest driver of the tape. Separately, technical traders are tracking a recurring RSI “pocket” that has now formed for a third time — a setup that preceded earlier advances toward $2 and $3.30, though confirmation still requires the indicator to reclaim its key moving average, as outlined in the third RSI pocket analysis.

Bitcoin and Ethereum ETFs Join In

XRP was not the only beneficiary on Sept. 25. Bitcoin spot ETFs registered roughly $134 million in net inflows, extending their streak to seven consecutive sessions, with BlackRock's IBIT contributing about $96.99 million and Fidelity's FBTC $49.32 million. Ethereum products added $86.95 million across a sixth straight session, split between BlackRock's ETHA ($50.37 million) and ETHB ($31.88 million). The breadth matters for the wider altcoin complex, since sustained institutional demand for crypto investment products tends to steady sentiment even when spot prices wobble. Still, ETF flows measure capital entering or leaving fund shares, not same-day order flow in the token itself. Investors weighing fund exposure against direct purchases can compare routes in our guide to buying XRP, while traders active on a crypto exchange face a liquidity picture distinct from ETF market makers. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

$1.53 Gate Before the $1.60 Test

COINOTAG's proprietary 42-indicator composite S/R scoring engine places XRP at $1.5224, down 2.78% over 24 hours, inside a broader uptrend with RSI at 59.28 and a bullish MACD signal. The engine rates the $1.4495 support at 95/100, driven by the confluence of the S3 pivot, the 0.382 Fibonacci retracement, the Bollinger Band middle line and the 20-day SMA, with nearer support at $1.5151 (72/100) from a resistance-turned-support flip and the Ichimoku Tenkan. Upside, the $1.5315 resistance scores 68/100 — Fibonacci 0.236, a support-turned-resistance flip and the daily pivot — ahead of $1.5974 at 67/100. Positioning is cautiously constructive: funding sits at 0.0039%, open interest near $1.09 billion and the long/short account ratio at 2.76, with 73.4% of accounts long, while the Fear & Greed Index reads 70 (Greed). A daily close above $1.5315 opens the path toward $1.5974 and the $1.60 neckline; a close below $1.4495 would invalidate the bullish thesis.

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