$XRP ETFs outperformed Bitcoin ($BTC) ETFs by roughly 106% on a net-flow basis on September 1, even as both cryptocurrencies experienced notable price declines.
Namely, in the eleventh consecutive day of inflows, U.S. spot $XRP ETFs attracted another $14.38 million on September 1, extending one of their strongest stretches of institutional demand this year, according to the latest SoSoValue data.
Franklin Templeton’s XRPZ led the session with $6.63 million in net inflows, followed by Grayscale’s GXRP with $4.72 million and Canary Capital’s XRPC with $3.03 million.
However, the same data shows that U.S. spot $BTC ETFs recorded approximately $236.5 million in net outflows on the same day. Specifically, BlackRock’s IBIT accounted for about $201.2 million of the withdrawals, while Fidelity’s FBTC saw another $43.7 million leave the fund.
The latest inflows brought cumulative net investments in U.S. spot $XRP ETFs to approximately $1.68 billion since the products began launching in November 2025. Of course, Bitcoin funds still dominate by this metric, with $54.61 billion in cumulative total net inflows.
$XRP ETF inflows continue
Monday’s $XRP institutional flows stand out against the performance of the broader crypto market. Indeed, the trend follows $XRP ETFs’ strongest week of 2026, whichrecorded $110.49 million in net inflows ending with August 28 .
That momentum has now carried into September, suggesting the recent recovery in $XRP ETF demand did not end with August’s surge. As mentioned, however, strong ETF demand has yet to translate into immediate price gains for $XRP. Notably, the token traded around $1.32 at press time on September 2, down nearly 10% from about $1.45 on August 27.
Interestingly, though, institutional exposure also extends beyond daily ETF flows, as new data shows that Goldman Sachs was the largest disclosed institutional holder of $XRP ETFs at the end of the second quarter, with approximately $87.4 million in exposure.
Ultimately, it must be noted that the divergence between $XRP and $BTC institutional demand does not necessarily mean investors are shifting from Bitcoin to $XRP. After all, Bitcoin ETFs remain vastly larger in terms of both assets under management and trading activity. Rather, the contrasting flows appear to highlight $XRP’s ability to attract fresh capital even during a broader risk-off session.
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