XRP (XRP) spot purchase volumes on cryptocurrency exchange Bitrue increased 212% between Feb. 23 and Feb. 24, with buy orders exceeding sell-side activity by more than two times, according to trading data released by the platform.
The surge comes amid continued inflows into XRP-linked exchange-traded funds, pointing to a shift in capital allocation within digital-asset markets.
Investors meanwhile have withdrawn close to $3.8 billion from U.S.-listed spot Bitcoin (BTC) exchange-traded funds over a five-week stretch, marking the most prolonged run of outflows since February 2025.
Retail Buying Drives Sharp Two-Day Volume Imbalance
The exchange attributed the spike primarily to retail demand, which accelerated during the two-day period and created a clear imbalance between buyers and sellers.
The move followed a volatile phase for the broader crypto market and marked one of the largest short-term increases in XRP spot accumulation on the platform in recent months.
Such concentrated buying pressure can tighten available supply in the near term if sustained, particularly in markets where sell-side liquidity has already been reduced by earlier liquidations.
ETF Inflows Point To Ongoing Institutional Accumulation
The rise in spot activity has occurred alongside steady institutional flows into XRP investment products.
Since their launch in mid-November, XRP exchange-traded funds have attracted $1.1 billion in net inflows and have recorded positive weekly flows with only limited periods of net redemptions.
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That trend diverges from bitcoin-focused funds, which have seen $1.3 billion in net outflows so far this year, suggesting a rotation of capital rather than a broad withdrawal from digital assets.
