XRP ETFs Defy Soft Price with Ninth Consecutive Day of Net Inflows

XRP spot exchange-traded funds (ETFs) have continued their streak of net inflows, bringing in $26.2 million on August 28 and lifting cumulative net inflows to about $1.6 billion.

This marks the ninth consecutive day of inflows for XRP ETFs, with a total of over $725 million drawn in during this period.

Analysts have been impressed by the resilience of these flows, given XRP's soft price, which has traded near $1.39 on Monday, down 2.7% on the day and 7.6% on the week.

Bloomberg Intelligence analyst James Seyffart noted that XRP ETF flows have been 'surprisingly resilient,' with Goldman Sachs, Jane Street, and Millennium leading holders of the funds.