XRP ETFs Rally for 11th Straight Session Amid Late-August Pullback

XRP exchange-traded funds (ETFs) have seen an impressive streak of 11 consecutive trading sessions, attracting fresh money and adding around $170 million to their cumulative net inflows. This trend began on August 18 and has continued despite XRP's recent pullback from its late-August rally.

The current inflow streak is largely driven by institutional investors, with Franklin Templeton leading the way with $6.63 million in new investments on Tuesday. Grayscale followed closely with $4.72 million.

However, it's worth noting that XRP ETF demand remains significantly smaller compared to Bitcoin ETFs. In late August alone, Bitcoin ETFs attracted a staggering $2.26 billion across six sessions, dwarfing the $1.68 billion cumulative net inflows of XRP ETFs since their launch in November.

Goldman Sachs ranks as the largest disclosed institutional holder of XRP ETFs, with approximately $87.4 million in exposure at the end of the second quarter. Jane Street and Millennium Management follow closely behind, holding around $16.6 million and $16.2 million respectively.