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XRP Price Slid as Bitwise Drives $11 Million ETF Inflows

Reported by Cryptonews
Oct 12, 2026· 2 min read
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Key Takeaways
  • • XRP spot ETFs recorded roughly $28.14 million in net inflows on Aug. 26, 2026, the strongest single day in more than seven months, according to Coinpedia, even as the token's price fell.
  • • The same-day XRP price drop of about 4.1% was driven in part by more than $20 million in forced leveraged liquidations, per the publisher's reporting.
  • • The Bitwise XRP ETF (NYSE:XRP) traded at $15.64 on Aug. 28, 2026, down 4.1% from a prior close of $16.31, while the token traded near $1.42 to $1.46.
  • • Cumulative XRP ETF inflows since launch are cited at about $1.62 billion, so a single-day inflow of this size is modest in relative terms.
  • • Analysts caution that ETF flow data does not identify buyers, and that most XRP price discovery still occurs on spot order books, limiting the signal from positive wrapper inflows.
Summary
Spot XRP exchange-traded products took in $28.14 million in net inflows on Aug. 26, 2026, the strongest single-day figure in more than seven months, according to Coinpedia. The inflows coincided with a price decline: the Bitwise XRP ETF traded at $15.64 as of 12:13 p.m. ET on Aug. 28, 2026, down 4.1% from a previous close of $16.31, and the underlying token was quoted around $1.42 to $1.46 on the same date. Figures reflect publish-time levels and may have since changed.

A publisher analysis attributes the same-day XRP price drop of roughly 4.1% in part to more than $20 million in forced leveraged long liquidations, which are automatic closures of positions by exchanges when leveraged traders move against them. The publisher argues that such forced selling can look like a sentiment reversal on a chart without reflecting a change in demand.

Net inflow measures the daily balance of share creations minus redemptions in a spot ETF, and aggregators including Coinpedia, SoSoValue and Farside publish the figure the following morning. The publisher notes that flow data does not identify whether buyers are retail or institutional, and that most XRP price discovery still occurs on spot order books at Binance, Coinbase and Upbit, so a positive wrapper inflow alongside a falling price can reflect sellers outweighing ETF demand.

On scale, cumulative XRP ETF inflows since launch are cited at roughly $1.62 billion, and the Bitwise XRP ETF is described as down 21% year-to-date and 27% over one year, though up 38% over the past month. Coverage in the supplemental sources is limited to headlines and brief snippets from the publisher's own domain, and the full original article could not be retrieved.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Cryptonews XRP Price Slid as Bitwise Drives $11 Million ETF Inflows