XRP ETFs Continue Streak with $26.2 Million in Daily Inflows

XRP exchange-traded funds (ETFs) continued to attract significant investor interest on August 28, with $26.2 million in net inflows marking nine consecutive days of positive flows.

This brings the cumulative net inflows for these XRP funds to approximately $1.6 billion.

Analysts highlight institutional demand as a key factor driving this trend, with Bloomberg Intelligence analyst James Seyffart describing the ongoing flows into XRP ETFs as 'surprisingly resilient' despite the token's subdued market action.

The spot price of XRP has lost ground, trading near $1.39 on Monday and down 2.7% for the day and 7.6% over the past week, according to CoinGecko data.