August's Second Strongest Day for XRP ETF Flows Hits $26.20M

Inflows Continue Despite Price Softness

While XRP prices posted a modest decline on the daily chart, spot ETF products moved in the opposite direction. Data compiled by SoSoValue and reported through ChainCatcher on August 29 shows U.S. spot XRP ETFs collected a combined $26.1964 million in net inflows on August 28. The figure stands as the second-strongest August session for the group, according to CoinGabbar, and underscores a pattern of consistent capital entry even when spot prices ease.

Bitwise XRP ETF led the day’s activity with $15.3981 million. Canary XRPC followed with $5.1198 million. Only Grayscale recorded an outflow among the five issuers tracked. The remaining products contributed smaller positive amounts that helped lift the aggregate total. These daily prints form part of a longer sequence of net positive days that has supported cumulative inflows of $1.663 billion.

Building Record Over Multiple Weeks

The August 28 result sits inside a stretch of steady ETF demand that has lengthened through the summer. Each successive positive session adds to the overall streak without requiring a single outsized day to drive the narrative. The latest print surpasses the prior Friday window while remaining below one earlier peak session earlier in the month. That measured pace highlights longevity rather than isolated spikes.

At the time of reporting, total assets under management for the XRP ETF suite reached $1.439 billion. The net-asset ratio stood at 1.66 percent. These metrics reflect the gradual accumulation of capital across the product set rather than abrupt swings tied to any one issuer or market event.

Price Context on the Chart

CoinGecko data placed XRP at $1.39 on the morning of August 29, down roughly 2.3 percent over the prior 24 hours. Similar softness appeared across several major assets, including Bitcoin and Ether. The divergence between ETF inflows and spot price movement illustrates how institutional channels can continue to receive bids even when retail price action chops or ranges.

The chart shows XRP holding above recent weekly lows despite the daily pullback. ETF inflows have provided a steady bid that sits separate from the shorter-term candle patterns. This separation allows the products to build assets over time without depending on immediate price momentum.

Issuer Participation Remains Broad

Bitwise continues to account for the largest single-day share in recent sessions. Its historical total now exceeds $603 million. Canary XRPC has accumulated $483 million in its own history. The distribution across multiple issuers reduces reliance on any single product and supports the overall streak of positive net flows.

Grayscale’s outflow on the day remained modest relative to the combined inflows elsewhere. That single negative print did not alter the broader positive direction for the category. Observers tracking the products note that the mix of issuers has stayed stable, which contributes to the durability of the inflow sequence.

Outlook for the Product Set

The Friday result extends the run of net-positive days that CoinGabbar flags as a key August trend. Continued participation from Bitwise and Canary suggests the streak could lengthen if similar conditions hold. The data set from SoSoValue and CoinGabbar supplies the clearest daily view available on these flows, and each new release adds one more point to the lengthening record.

Market participants following the XRP ETF complex will watch whether the next sessions maintain the same pace. The current sequence already places August among the stronger months for the products since launch. The emphasis remains on the steady accumulation visible across the candles rather than any single headline figure.