Goldman Sachs Leads $87M Stake as XRP ETF Inflows Top $1.68B
U.S. spot XRP ETFs have attracted fresh money for eleven consecutive trading sessions, adding approximately $170 million to their coffers. This streak is notable not only because of its length but also because of the institutions participating in it. According to recent data from SoSoValue, these funds have now gathered a cumulative net inflow of about $1.68 billion since they launched last November.
Goldman Sachs has emerged as the largest disclosed institutional holder of XRP ETFs, with around $87.4 million in exposure as of the second quarter. Franklin Templeton and Grayscale led the most recent single-day inflows, pulling in $6.63 million and $4.72 million respectively.
The price of XRP has been trending downwards since its late-August highs, trading at around $1.33 at the time of reporting. Despite this decline, money continued to flow into the ETFs, suggesting that investors may be treating dips as entry points rather than exit signals.