$XRP ETF Inflows Hit $1.8 Billion as Investment Advisers Take Top Spot

Investment advisers have emerged as the largest category of buyers in the XRP ETF market, according to second-quarter 13F filings. The filings show that since the start of trading, spot $XRP exchange-traded funds have seen a net inflow of about $1.6 billion.

The funds have experienced nine consecutive days of inflows, with a daily haul of over $26 million on August 28. However, daily flows have been spotty, ranging from around $2.4 million to over $28 million.

James Seyffart has calculated that net inflows totaled about $1.8 billion, surpassing the SoSoValue number. Seyffart noted that compared to XRP's price over the same period, the run was 'particularly impressive.'

Goldman Sachs holds the largest amount of spot $XRP ETF exposure, with approximately $87.4 million. Investment advisers have dominated the market, holding and moving the most money during the quarter.