Crypto
XRP ETFs Draw $1.8 Billion in Inflows Amid Price Volatility
U.S. spot XRP exchange-traded funds (ETFs) have seen significant inflows despite fluctuations in XRP's price, totaling $1.8 billion in cumulative net inflows.
Bloomberg ETF analyst James Seyffart reported that since launch, overall fund flows have remained mostly positive, with the strength of those inflows standing out relative to XRP's price movement.
Institutional holders of spot XRP ETFs include Goldman Sachs, Jane Street, and Millennium Management, according to Seyffart's review of second-quarter 13F filings.