Bitwise Led XRP ETF Inflows With $10.55M, Extending a 12-Week Streak

Update 15:58 UTC: New details on the session show that Canary Capital also wrote redemption tickets alongside Franklin Templeton, leaving Bitwise as the only issuer in the complex to take fresh capital that day.

Bitwise Carries the Day

The United States spot XRP exchange-traded fund complex took in a net $3.14 million on Tuesday, Oct 6, and a single issuer carried the session: Bitwise's XRP ETF absorbed $10.55 million, a figure on-chain trackers flagged as the group's standout print. Hours later the XRP price slid from $1.52 to a $1.46 low in early Wednesday trading, so the two prints bracket a sharp reversal inside roughly a day. Fund-flow tracker data shows the distribution was lopsided. Franklin's XRPZ fund shed $4.07 million, leaving its cumulative net intake at $501 million, while every remaining issuer combined for about $3.34 million of outflows; one manager absorbed the entire net positive as its peers bled. Bitwise's haul lifted its cumulative inflows to $688 million, and the issuer has also been the most public advocate for the asset, with its chief investment officer recently making the institutional case for XRP in market commentary. Spot ETF flows are read as a proxy for institutional demand because creations and redemptions move only when authorized participants commit fresh capital. The print extends a longer run in the XRP ETF flow record: a 12th consecutive week of net inflows, a streak that has absorbed several negative single days without breaking. September alone delivered $121 million of net demand even as assets under management shrank, and no weekly total dropped below zero. Because the streak tracks weekly sums rather than daily prints, a red session like Franklin's can sit inside a positive week without ending the run. Against the wider ETF tape the session was rarer still: Bitcoin ETFs drew $118.8 million, Ethereum ETFs lost $201.89 million and Solana ETFs shed $3.68 million, leaving only XRP and Bitcoin funds in the black among the four categories.

New details on the session show that Canary Capital also wrote redemption tickets alongside Franklin Templeton, leaving Bitwise as the only issuer in the complex to take fresh capital that day. The fund-flow data also frames the $10.55 million print as Bitwise's largest XRP purchase so far this month, and its timing matters more than its size: after several sessions of thin or near-zero intake, the buy landed while the token slipped from above $1.50 to roughly $1.43, a pattern that market watchers read as dip-buying on the institutional side. The divergence between falling prices and steady ETF demand leaves October's remaining calendar, including Evernorth's expected Oct 12 listing, as the next test of whether that appetite holds.

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Flagged as the group's standout print.

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The $97 Million Gap

The more telling number sits in the gap between what investors put in and what the funds now hold. Cumulative inflows into US spot XRP ETFs stand at $1.794 billion, while net asset value, the current market value of the holdings, is $1.697 billion. Investors are therefore roughly $97 million underwater in aggregate. The shortfall is narrowing: four days earlier it stood at $133 million, after a session that paired a $3.28 million outflow with about $37 million of asset shrinkage. In only a few trading days the gap has closed by roughly $36 million, which means new contributions and existing holdings moved upward together. That repair matters because net asset value, not the inflow headline, is what tells an ETF buyer whether persistence is being paid. It is also the most fragile number in the complex: because token market value feeds NAV directly, a slide toward the current $1.45 handle trims it back even if inflows continue. The flow record, though, was written before Wednesday's sell-off. Around 02:00 UTC, Bitcoin lost the $84,000 level inside roughly 20 minutes and pulled the broader market down with it; XRP fell from $1.52 to a $1.46 low, a drop of about 4.5%. On-chain data shows about $412 million of leveraged positions liquidated in contract trading within a single hour, nearly all of them longs. The token clawed back to about $1.47 in the hours after the flush, but the drop likely erased most of the NAV repair recorded earlier in the week, and XRP has since eased to around $1.45. One more listed route is pending: Evernorth, the Ripple-backed XRP treasury company, expects its shares to begin trading around Oct 12, handing institutions a second listed vehicle for the asset alongside the ETFs.

The $1.40 Floor and the $1.55 Ceiling

The composite scoring rates the $1.5489 resistance at 94/100 on the support and resistance map, driven by the R3 pivot, Fibo 0.214 and the prior-week high, while the $1.4044 support scores 92/100 on the EMA 50, EMA 200 and Fibo 0.382 confluence. With XRP trading at $1.4336, down 4.64% over 24 hours, the RSI reads 46.79 and the MACD signal is bearish even as the composite still labels the trend an uptrend. Positioning leans heavily long: funding is 0.0013%, open interest sits at $1.043 billion and the long/short account ratio is 3.02, with 75.1% of accounts long and the Fear & Greed Index at 71 (Greed). A daily close below $1.4044 would weaken the bullish case and expose the $1.3311 support, 83/100 on the Ichimoku Cloud Bottom, VWAP and EMA 100. Below that, the $1.0860 level scores only 55/100, leaving thinner defense before the psychological $1.0000 mark (as of 15:58 UTC).