XRP Sees $110M ETF Inflows, Ripple Unlocks 1 Billion Tokens

Institutional investors poured a record $110.49 million into XRP spot ETFs in the trading week ending August 28, the strongest weekly showing since the funds launched and the largest in nine months, yet the token is down 0.7% on the day at $1.38 [1]. This influx coincided with Ripple's routine monthly release of one billion XRP from its escrow account, creating a supply-demand dynamic that has kept the token in a holding pattern [1].

ETF Demand Meets Supply Pressure

The $110.49 million in XRP spot ETF inflows marked the strongest weekly performance in nine months, pushing cumulative inflows since launch to $1.66 billion [1]. Net assets under management for these ETFs stand at $1.44 billion [1]. Goldman Sachs has disclosed holdings exceeding $86 million across five different spot XRP ETFs [1]. Roughly 93% of recent inflows have been directed to three providers: Bitwise, Canary, and Franklin Templeton [1]. Despite this institutional appetite, the funds control less than 2% of the total circulating XRP supply [1].

This demand has been offset by Ripple's monthly release of one billion XRP from escrow, a routine event where typically only a fraction enters free circulation, with the rest returning to escrow [1]. The token's price of $1.38 is 57% below its 52-week high of $3.18 reached on September 14 [1]. XRP also experienced a flash crash on August 22, dropping 37% in a single day due to $500 million in leveraged long position liquidations, following a 60% weekly rally that pushed the token to $1.69 [1]. Just eight days prior, on August 14, XRP had hit a yearly low of $0.9887 [1].

Regulatory and Corporate Developments

The broader market is watching Washington, with a key procedural vote on the CLARITY Act scheduled for September 15 in the U.S. Senate [1]. This legislation aims to clarify jurisdictional lines between the SEC and CFTC over crypto assets [1]. The bill requires 60 votes for passage, with Republicans holding 53 seats, necessitating seven Democratic votes [1]. The House passed the bill in July 2025 by 294 to 134, and the Senate Banking Committee approved it 15 to 9 in May [1]. Prediction markets like Polymarket currently estimate the bill's chances of success at approximately 16% [1].

Ripple has also been expanding its operations. Its stablecoin, RLUSD, crossed the $2 billion market capitalization mark recently, an eightfold increase since April 2025 [1]. Of the current supply, $962.8 million is on the XRP Ledger and $1.05 billion on Ethereum [1]. The XRP Ledger portion alone surpassed $1 billion on August 25 [1]. Additionally, Ripple subsidiary Evernorth Holdings is planning a Nasdaq listing under the ticker XRPN, following the SEC declaring its registration documents effective on August 27 [1]. A shareholder vote for the merger with Armada Acquisition Corp. II is set for September 30 [1].

What to watch

• CLARITY Act Vote: The U.S. Senate is scheduled to vote on a procedural motion for the CLARITY Act on September 15, which could impact regulatory clarity for crypto assets [1].
• Evernorth Holdings Nasdaq Listing: A shareholder vote for the merger of Evernorth Holdings and Armada Acquisition Corp. II is set for September 30, with the combined entity expected to trade as XRPN [1].
• XRP Ledger Upgrades: The "fixCleanup3_3_0" amendment package is in a 14-day activation window after receiving 82.86% validator approval, with mainnet deployment expected in early September [1].

The current XRP price reflects a balance between growing institutional demand through ETFs and ongoing supply pressure from Ripple's monthly escrow releases, with regulatory developments in Washington posing a potential catalyst for future movement [1].