XRP ETFs Continue Strong Inflow Streak Despite Price Decline
- Spot XRP exchange-traded funds (ETFs) recorded $26.2 million in inflows on August 28, marking a nine-day streak of net inflows.
- Cumulative net inflows for XRP ETFs have reached approximately $1.6 billion, with over $725 million added in the last nine days alone.
- Despite the inflow strength, XRP traded at around $1.39, down by about 2.7% on the day and roughly 7.6% for the week.
- Major holders of spot XRP ETFs include Goldman Sachs with $87.4 million in exposure, followed by Jane Street and Millennium Management.
The sustained demand for XRP ETFs is noteworthy given the token’s recent price decline, contrasting with Bitcoin funds that ended their own nine-day inflow streak recently.
Investment advisers are leading as top allocators in spot XRP ETFs, indicating strong institutional interest despite market volatility and price challenges facing XRP. (Source)
