XRP ETF Inflows Hit $1.6 Billion as Investment Advisers Dominate

XRP exchange-traded funds (ETFs) continue to attract significant institutional investment, despite XRP's recent price correction. According to data from Sosovalue and Bloomberg ETF analyst James Seyffart, net inflows into U.S. spot XRP ETFs have reached around $1.6 billion.

The largest holder type of XRP ETFs is investment advisers, who hold the majority of funds in these products. This is evident from second-quarter 13F filings, which show that investment advisers hold significantly more XRP ETFs than hedge funds and brokerages.

Goldman Sachs holds the most significant amount of XRP ETFs among institutional investors, with about $87.4 million invested. Jane Street and Millennium Management also have notable exposure to XRP ETFs, holding around $16.6 million each.