XRP ETFs Fuel Nine-Day Inflow Streak with $1.6 Billion

XRP ETFs are continuing their impressive streak of net inflows, marking nine consecutive days with significant investor interest. The funds have pulled in a total of $1.6 billion since their launch, with the last nine days alone accounting for over $725 million.

According to data from SoSoValue, the funds took in $26.2 million on August 28, extending an inflow streak that began in mid-August. The steady demand has been impressive given XRP's lackluster price, with Bloomberg Intelligence analyst James Seyffart noting that money has been moving almost entirely in one direction to reach roughly $1.8 billion in cumulative net inflows.

Seyffart also revealed that Goldman Sachs tops the list of spot XRP ETF holders with about $87.4 million in exposure, followed by Jane Street and Millennium Management. Investment advisers dominate as the largest holders and allocators of the quarter, well ahead of hedge funds and brokerages.