Spot XRP ETFs extend inflow streak to 9 consecutive days, accumulating $1.6 billion in net inflows since launch.
Macro & Markets ·
Spot XRP exchange-traded funds have maintained inflows for nine consecutive days, accumulating approximately $1.6 billion in net inflows since their launch, according to SoSoValue data cited by Decrypt. On August 28 alone, the funds pulled in $26.2 million. The streak is notable given that XRP's price has declined 2.7% over the past day and 7.6% over the past week, trading near $1.39.
Analysts have characterized the fund demand as unexpectedly strong relative to the token's weak price performance. Bloomberg Intelligence's James Seyffart identified Goldman Sachs, Jane Street, and Millennium Management as leading institutional holders based on second-quarter 13F filings, with investment advisers comprising the largest category of allocators. Daily inflows have ranged from roughly $2.4 million to over $28 million during the nine-day period.
The XRP ETF momentum diverges from broader market patterns: Bitcoin spot funds recently ended their own nine-day inflow streak, while the tension between institutional fund purchases and declining spot prices remains unresolved heading into September. What remains unclear is whether the inflow streak will continue or whether price weakness will eventually dampen investor demand.