Seven XRP spot exchange-traded fund (ETF) products are estimated to have effectively locked up 992.5 million XRP.

On Aug. 13, blockchain outlet U.Today reported that XRP has recently plunged and set a new low in daily closing terms, but ETF inflows and holdings are still drawing market attention.

The key point is that the increase in holdings differs from Ripple’s token locking. Large XRP movements or locks have often been linked to Ripple and have tended to heighten market caution, but this time investor demand through ETF products has been highlighted as central.

As of Aug. 13, the seven XRP spot ETFs held a total of 992.5 million XRP. Their cumulative net inflows were $1.51 billion, a figure that shows the XRP spot ETF market has grown to a certain scale. It means demand for exposure through ETFs has not fully broken even during periods of price swings.

Still, the recent trend has slowed somewhat. Daily performance for each fund stayed at virtually a "zero" level, and net inflows on the latest trading day were $0. New inflows have nearly stopped, but the existing asset base remains substantial. As XRP tests a multi-year low zone again, the ETF market also appears to be more in a wait-and-see mode than in aggressive inflows.

The focus of the market reaction is shifting from Ripple to investor behavior. The market has been watching how Ripple-related token locks or movements might affect XRP’s price and sentiment, but this time buying demand via ETFs is said to be creating a separate bullish narrative.

It was also confirmed that flows into XRP spot ETFs did not move in the same direction as the price. XRP recently recorded its lowest level in daily closing terms after a sharp drop, but the ETF market maintained cumulative net inflows of $1.51 billion. It indicates there is demand to secure XRP exposure within regulated products despite price weakness.

The point to watch is whether the $0 net inflow on the latest trading day will remain a temporary pause or lead to a slowdown in ETF demand. For now, nearly 1 billion XRP is locked through ETFs, and the market is paying attention to the fact that the holdings reflect investor choice rather than direct action by Ripple.