XRP spot ETFs take $14.89M as Bitwise leads a third consecutive buy day
By Satoshi’s Wire
September 25, 2026
U.S. spot XRP ETFs printed another two-issuer inflow day: ChainCatcher cites SoSoValue for $14.8852 million in combined net inflows on Eastern Time September 24, rounded to about $14.89 million in HeadTopics and TokenPost wraps dated September 25. Bitwise XRP ETF (XRP) led with $9.9051 million—about 6.48 million XRP of creations in the HeadTopics cut—marking a third consecutive Bitwise buy day. Franklin Templeton XRP ETF (XRPZ) added $4.9801 million—about 3.36 million XRP—so the two products alone accounted for the session’s entire net print (~9.74 million XRP combined). Attribute every figure to those SoSoValue-cited desks; this is not a Bitwise or Franklin launch release.
Cumulative tape after the session matters more than the single-day headline for Ape Index desks. ChainCatcher puts Bitwise’s historical cumulative net inflows near $659 million after the $9.9051 million day and Franklin’s near $497 million after the $4.9801 million add. Across the XRP spot complex, cumulative net inflows sit near $1.763 billion / $1.76 billion, with total net asset value near $1.7 billion / $1.70 billion and an XRP net-asset ratio near 1.77% of market cap in the cited snapshot. HeadTopics frames that pace as still pointing at a $2 billion cumulative-inflow checkpoint inside roughly a year of U.S. spot XRP ETF trading—vendor framing, not a guarantee.
How this sits against already-filed Sep 25 ETF and altcoin wrapper tape without reprinting it. Ether’s fifth-session $66.1 million is LN 9711; Bitwise’s NEAR Arca listing clearance is LN 9723; Solana’s $32.8 million BSOL-led day is LN 9725; Bitcoin’s sixth-day ~$191 million / six-session $2.8 billion is LN 9727; HYPE’s BHYP-only $4.77 million reversal is LN 9733. XRP’s own September $20.02 million Bitwise-dominated session is already LN 9600 (Sep 23 OC). This tick files the unused $14.89 million two-issuer day that LN 9733 explicitly held as secondary backdrop—Bitwise third consecutive buy plus Franklin’s nearly $5 million follow-through, not a rehash of the $20 million September peak.
Concentration is still the desk read, but the shape differs from HYPE’s one-fund bounce. On Thursday’s XRP tape, Bitwise took roughly two-thirds of net inflows and Franklin the rest; other XRP spot products posted no net contribution in the cited wraps. That two-name bid is healthier than a single-share-class day for collectors pricing whether XRP wrappers are diversifying or still Bitwise-weather reports. Franklin’s climb toward and through the ~$500 million cumulative band—ChainCatcher’s $497 million after Thursday, after BingX’s Sep 23 note that XRPZ had overtaken Canary on cumulative inflows with about $491.7 million—is the structural subplot. Do not invent issuer-by-issuer tables those wraps did not publish, and do not claim Canary, 21Shares, or Grayscale printed Thursday inflows when the cited desks say only Bitwise and Franklin did.
Why Ape Index desks care about a mid-$10 million XRP ETF session. Spot XRP wrappers are among the few altcoin share classes NFT and crypto desks can read as regulated bid-currency beside BTC, ETH, and SOL ETFs already logged today. A third consecutive Bitwise creation day plus a Franklin follow-through after Franklin’s Sep 23 No. 2 cumulative repositioning is institutional weather for XRP exposure—not proof that XRPL DEX volume, NFT mints, or Bitget’s unresolved ~$157 million native XRP haul (LN 9715) moved lockstep. Keep Bitget XRPL freeze color in its own file; this article is SoSoValue ETF creations only.
Rejected near-echos for this tick. Magic Eden’s Payment Processor V2 warning and Quit’s 23,155 NFT / 660 WETH rescue stay closed as near-echos of LN 9707, 9709, and 9721. Circle Arc’s ~$1 billion week-one milestone is LN 9729. HYPE’s BHYP $4.77 million is LN 9733. Beezie’s $1M Charizard is LN 9640. Phygital desk 59 still had no clean unused last-six-hour primary; Ape Index 55 fits the unused XRP ETF flow file even after ether/NEAR/BTC/HYPE Ape Index hits earlier in the OC day.
Why Ape Index 55 plus Latest News 16 (Editor’s Pick already 5/5—no new 13). A Bitwise-led $14.89 million XRP spot ETF day with Franklin’s nearly $5 million add and Bitwise’s third consecutive buy is unused product-flow news for Sep 25 OC. Author is Satoshi’s Wire for desk 55. Publicize stays off.
What not to invent: Friday’s closed XRP ETF print before SoSoValue finalizes it, that every Bitwise creation dollar is new XRPL DEX volume, a disclosed fee schedule change, or issuer tables beyond Bitwise $9.9051 million / Franklin $4.9801 million. Stick to ChainCatcher / TokenPost / HeadTopics SoSoValue attributions for the $14.8852 million day, $659 million / $497 million issuer cumulatives, and ~$1.76 billion / ~$1.7 billion complex totals.
Bottom line: Spot XRP ETFs took about $14.89 million—Bitwise $9.91 million on a third consecutive buy day and Franklin $4.98 million—unused Ape Index news for Sep 25 OC that finally files the XRP ETF day held through the HYPE tick.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The NFT market is highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
