U.S. spot XRP exchange-traded funds recorded $22.65 million in net inflows on Friday, Sept. 25, according to SoSoValue data cited by CoinGape and secondary desks including KuCoin News. Bitwise’s XRP ETF led with $18.39 million — about 81% of the day’s total — while Franklin Templeton’s XRPZ added $4.26 million. The other three listed products showed no net movement in that print. Cumulative net inflows across the five funds rose to about $1.79 billion, with combined net assets near $1.77 billion, or roughly 1.80% of XRP’s market capitalization. Session trading value across the products reached about $57.75 million, including roughly $37.07 million from Bitwise.
Spot XRP itself was reported near $1.55 into Saturday morning after tagging about $1.60 earlier in the week, with CoinGape placing immediate resistance at $1.60 and support near $1.50. That is tape context, not a target. The ETF print is the measurable Markets fact: another green session in a non-bitcoin wrapper after a multi-day stretch that already included roughly $38 million across Sept. 23–24 in earlier SoSoValue snapshots.
Bitcoin remained the larger regulated channel. SoSoValue put U.S. spot bitcoin ETFs at about $134.5 million net on Sept. 25 — a seventh straight inflow session in CoinNess’s readout — with BlackRock’s IBIT leading near $97.0 million and Fidelity’s FBTC near $49.3 million, while Bitwise’s BITB showed an outflow of about $11.8 million. CryptoSlate’s week-to-date frame through Thursday still had roughly $3.04 billion into U.S. crypto ETFs across bitcoin, ether, Solana, XRP, and Zcash, with nearly $800 million outside bitcoin. Those figures sit beside the XRP line; they do not replace it.
Separately, Arbitrum remains one of the L2 rails where tokenized-equity activity has been printing in volume this month. Robinhood Chain — built with Arbitrum Orbit technology under the Arbitrum Expansion Program — has routed a contractual share of net protocol revenue back to the Arbitrum ecosystem (reported as 10% of net protocol revenue, with the bulk of that share to the Arbitrum DAO treasury). Offchain Labs and secondary desks have also covered Arbitrum’s move to replace Timeboost with per-transaction priority auctions that route about 97% of that stream to the DAO. That is a positive rails note, not a holdings call: institutional product experiments and L2 settlement design are moving in parallel with the ETF tape.
What this piece does not claim: that Friday’s XRP ETF print predicts a break of $1.60, that staff FAQs classify XRP, or that L2 revenue share equals a completed U.S. market-structure statute. The measurable news is narrower. A non-bitcoin spot ETF complex took in $22.65 million in one session, Bitwise carried most of it, cumulative XRP ETF inflows sit near $1.79 billion, and Arbitrum-linked rails continue to host real tokenized-activity volume while Washington’s statute clock stays separate.
Sources:
• CoinGape
• CoinNess
• CoinDesk
• Arbitrum