XRP ETF Records $3.96M Inflow as Canary Capital Buys It All

U.S. spot XRP ETFs are seeing strong institutional demand. Canary Capital’s spot XRP ETF recorded a $3.96 million inflow, pushing total inflows across the U.S. XRP ETFs above $1.79 billion. 

Meanwhile, XRP is trading near $1.50 after gaining about 16.2% over the past week.

Canary Takes the Entire $3.96M Inflow

On 28 September, the Canary XRP ETF (XRPC) recorded a $3.96 million inflow, pushing its total net assets above $372.1 million. The inflow shows continued institutional demand for XRP through the spot ETF, even though the amount remains small compared with Canary’s overall assets. 

Based on the XRP price near $1.54, the $3.96 million inflow represents roughly 2.57 million XRP tokens.

Canary was the first to launch a direct-custody spot XRP ETF on Nasdaq in November 2025. However, competition in the XRP ETF market has grown quickly. 

Bitwise currently leads with $676.29 million in cumulative net inflows, followed by Franklin Templeton’s XRPZ with $500.99 million, while Canary ranks third with $489.37 million in total net inflows.

Spot ETF Squeeze: An 11-Week Inflow Streak

The latest purchase adds to a much bigger trend, with total net inflows across the five active funds now above $1.79 billion. Their combined net assets have also grown 80% in Q3, reaching a record $1.79 billion.