XRP exchange-traded funds continued their accumulation run through September, recording $61.87 million in net inflows before the month closed and lifting the cumulative total to $1.73 billion. Binance led XRP derivatives markets over the same period, holding approximately $693.3 million in open interest and processing $2.28 billion in trading volume as institutional and retail traders remained active across major exchanges. Positive ETF accumulation persisted despite month-to-month fluctuations, including a single net outflow month in March.

XRP ETF Demand Extends Positive Monthly Trend

X Finance Bull pointed to continuing demand through XRP spot ETFs in a post on X. September's $61.87 million in net inflows lifted the cumulative figure to $1.73 billion. August delivered stronger inflows, totaling $159.18 million, while July contributed another $27.29 million to cumulative balances. Positive contributions therefore continued across several consecutive months.

Earlier months also posted solid results. May added $131.94 million, June brought in $59.46 million, and April contributed $8159 million to ETF products. Cumulative balances expanded steadily throughout the year, rising from $1.29 billion at the end of April to $1.73 billion as of September — a net addition of roughly $440 million in five months. Spot ETFs give investors exposure to XRP without requiring direct ownership of the token, which makes their recurring flow reports a running, publicly reported record of demand channeled through these products.

Monthly Variations Fail to Reverse Accumulation Pattern

The inflow trend did not advance at a uniform pace, with some months recording stronger allocations than others, yet cumulative totals continued moving higher overall. March stood as the only negative monthly reading of the period: XRP spot ETFs posted a $31.16 million net outflow before later months returned to positive territory.

February generated $58.09 million in net inflows, and January added a further $15.59 million, gains that helped maintain the broader upward trajectory. The largest monthly additions arrived in late 2025, when November recorded $666.61 million in inflows and December followed with a $499.91 million contribution — together about $1.17 billion, or roughly two-thirds of the cumulative total.

Futures Markets Show Concentrated XRP Trading Activity

CoinGlass exchange data revealed concentrated XRP derivatives participation, with Binance dominating several major futures market metrics while other venues maintained meaningful but smaller market shares. Open interest tracks the total value of contracts still outstanding, while volume measures how much changed hands over a given period, and readings from both are commonly used to gauge how heavily a derivatives market is being used.

Binance held approximately $693.3 million in XRP open interest, followed by Bybit at roughly $585.5 million and MEXC in third place with around $383 million. Trading volume figures displayed a similar pattern: Binance processed about $2.28 billion in XRP volume, while Bybit and OKX recorded approximately $961.7 million and $849.1 million, respectively.

Binance's market position was further reflected in trade counts, with the exchange handling nearly 4.8 million XRP futures trades. XRP changed hands near $0.98 as activity remained elevated.

Higher open interest and trading volume often indicate active positioning. Traders appeared engaged across several major derivatives venues, and Binance and Bybit remained central to XRP futures liquidity throughout the period. Subsequent monthly flow reports and exchange data will show whether the accumulation pattern and the current concentration of derivatives activity persist.

Source: Cryptofrontnews