U.S. spot Bitcoin exchange-traded funds recorded $282.6 million in net outflows on September 10, marking their third consecutive session of withdrawals. Over the same three-day window, XRP ETFs attracted fresh capital for a third straight day, even as the XRP token itself slipped roughly 2.8% to trade near $1.36, according to TradingView data.

The divergence between the two products stands out: Bitcoin ETF investors have been pulling back while XRP fund buyers continue adding exposure at a falling token price. The pattern raises the question of whether XRP's steadier inflow streak reflects a genuinely different holder base, or simply a quieter version of the same volatility that has rattled Bitcoin ETF flows this month. Multi-day streaks like these are among the patterns analysts track to judge whether demand for a fund is persistent rather than a one-off.

Why Fund Flows and Token Prices Do Not Always Move Together

Crypto ETF flows measure creations and redemptions within the fund wrapper itself — money entering or leaving the product — rather than a direct swap between assets. Shares are created or redeemed in the primary market against the fund itself, a process separate from secondary-market trading on exchanges. A fund can post net inflows on a day its underlying token drops, because buyers are adding shares faster than sellers are cashing out, regardless of where the price is heading.

That dynamic played out on September 10, when inflows continued even as XRP fell roughly 2.8%. Fund demand and spot price action are related but separate signals, and treating one as a stand-in for the other is a common — and costly — mistake for traders watching XRP ETF inflows for directional cues.

What the Reported ETF Figures Show

Data compiled by SoSoValue shows that across the three-session stretch through September 10, Bitcoin funds handed back a combined $449.4 million. Total net assets in Bitcoin ETFs fell to $97.49 billion, down from $101.3 billion on September 4, though cumulative net inflows since launch still stand at $55.17 billion. The two figures measure different things: net assets reflect the current market value of what the funds hold, while cumulative net inflows tally the total new capital added since launch.

The recent pattern looks erratic rather than consistently negative. The same Bitcoin funds absorbed $730.9 million on September 3, the strongest single-day haul since January 14, 2026, before reversing hard into the September 10 outflow.

XRP's record over a longer 20-session window tells a different story. The funds recorded just one outflow day in that span — a $7.2 million exit on September 2 — while collecting $190.5 million overall. Bitcoin logged seven negative days across the same period, Ethereum posted three, and Solana logged four, making XRP the clear outlier in consistency among the larger crypto ETF flows tracked by SoSoValue.

Cumulative XRP ETF inflows have reached $1.70 billion since launch, with combined net assets of $1.45 billion.

The pressure on September 10 was not confined to Bitcoin. Ethereum products shed $29.8 million and Solana funds lost $482,547, according to the same report. Smaller products moved the other way: Chainlink ETFs added $4.3, and Polkadot funds took in $663,057 — their first daily inflow since June 8. That same-day split — withdrawals across Bitcoin, Ethereum, and Solana funds alongside inflows into Chainlink and Polkadot products — underscores how asset-specific these flows are rather than a single crypto-wide signal. Upcoming daily flow reports will show whether XRP's streak stretches further and whether Bitcoin's outflow run continues.