U.S. spot XRP exchange-traded funds have recorded a prolonged run of net inflows, bringing in about $170m over the latest streak and taking total inflows since their launch in November to $1.68bn.
The latest figures show inflows for an 11th consecutive trading session. The market update also describes the funds as having registered nine straight sessions of inflows, reflecting differing counts in the reported data.
The continued demand comes despite XRP trading below its late-August high. The cryptocurrency was priced at about $1.33 early on Wednesday, although that remained above levels seen in the middle of August.
Institutional interest in the newly launched products has also emerged through regulatory filings. Goldman Sachs was the largest disclosed institutional holder of XRP funds as of 30 June, with Jane Street and Millennium also listed among the biggest professional investors.
The filings, however, do not indicate whether those institutions maintained their exposure during the latest period of inflows or used hedging strategies to offset some or all of their positions.
Institutional demand builds
The $170m accumulated during the latest run adds to the $1.68bn attracted by U.S. spot XRP exchange-traded funds since they began trading in November.
That performance underlines the scale of demand for investment products offering exposure to XRP through regulated exchange-traded funds, although the inflow total remains below the pace seen in some other parts of the cryptocurrency market.
Bitcoin funds attracted more money across six sessions in late August than XRP funds have gathered during the entire period since their November launch. The comparison highlights the much larger scale of the Bitcoin exchange-traded fund market, even as XRP products continue to post consecutive days of positive flows.
Goldman Sachs’ position was identified through second-quarter regulatory filings covering holdings at the end of June. Jane Street and Millennium were also among the leading professional holders disclosed in those filings.
Those documents provide a snapshot of institutional ownership rather than a complete view of current trading activity. They do not reveal whether the firms have since sold their holdings, increased them or retained them while using other positions to hedge their exposure.
The latest inflow figures therefore show strong interest in spot XRP funds but do not establish how the institutions named in the filings responded to the subsequent buying streak.
XRP’s price near $1.33 on Wednesday placed it below its late-August peak but above its mid-August levels. The movement came as crypto investors continued to assess the relative appeal of digital-asset exchange-traded funds, with Bitcoin products still drawing larger flows despite XRP’s sustained run of inflows.
