XRP spot exchange-traded funds in the United States have crossed a notable accumulation threshold, with custodial holdings rising above 1.1 billion tokens even as weekly flows fluctuate. Data covering the seven U.S. XRP ETFs shows total assets under management of roughly $1.57 billion, backed by approximately 1.118 billion XRP held in custody accounts. That vault balance is equal to about 1.12% of XRP's 100 billion token supply.
In week 37 of 2026, between September 7 and September 11, the funds recorded 1.27 million XRP in inflows and 161,000 XRP in outflows, producing a net weekly increase of 1.11 million XRP, roughly $1.51 million in dollar terms. Bitwise remains the largest holder among the group, with about 368.6 million XRP and $520.2 million in AUM. Franklin Templeton ranks second at 274.7 million XRP and roughly $387.6 million, followed by Canary Capital at 248.3 million XRP. Other funds include 21Shares with 110.3 million XRP, Grayscale with 59.8 million XRP, and REX-Osprey with 35.6 million XRP. Bitwise's BITW index fund also holds about 21.3 million XRP.
Trading activity has remained elevated, with total daily XRP ETF turnover near $23.3 million in the latest session. Bitwise led the pack with approximately $15.38 million in volume, followed by Franklin Templeton at $5.74 million and Canary Capital at $1.70 million, while Grayscale contributed around $300,000.
In a separate note, 21Shares outlined four reasons it believes institutional demand for XRP is expanding. The first is regulatory clarity: after Ripple concluded its long-running SEC case in August, XRP obtained a clearly defined legal status in the United States, making it one of the few altcoins with a settled compliance profile. The second is the liquidity created by spot ETFs, which 21Shares says has absorbed large sell-offs without severe price disruption. The firm pointed to a Goldman Sachs profit-taking sale of a $153.8 million position earlier in the year that was absorbed within about two weeks by retail and smaller funds.
The third factor is measurable on-chain activity: XRP Ledger turnover reached $500 billion over the trailing 12 months, supported by the native RLUSD stablecoin with roughly $1.6 billion in volume and about $4 billion in tokenized U.S. Treasuries. The fourth is XRP's fixed supply model, capped at 100 billion tokens, with more than 14 million XRP already burned through transaction fees and Ripple's escrow schedule limiting sudden dilution. 21Shares cautioned, however, that high network activity does not automatically lift XRP's price because large institutions often use it as a short-term bridge asset.
The overall picture underscores a shift in institutional perception: XRP is now being treated more as a regulated, liquid instrument for exposure to the digitalization of global finance than as a speculative token. This material is not investment advice.
