Goldman Sachs · Wall Street · Decrypt
XRP ETFs Extend Inflow Streak to 9 Days, Pulling In $1.6 Billion Since Launch
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Spot XRP exchange-traded funds are on a roll, stringing together nine straight days of net inflows even as the token's price has cooled.
Key facts
- The funds took in $26.2 million on Aug. 28, according to data from SoSoValue, extending an inflow streak that stretches back to mid-August and lifting cumulative net inflows to about $1.6 billion
- With total net assets across the products standing at roughly $1.6 billion, recent daily hauls have ranged from around $2.4 million to more than $28 million
- Goldman Sachs tops the list of spot XRP ETF holders with about $87.4 million in exposure, followed by Jane Street and Millennium Management
- The token changed hands around $1.39 on Monday, down 2.7% over 24 hours, according to CoinGecko, and off roughly 7.6% over the past week, though it remains up about 38% over the past 14 days
Summary
Spot XRP ETFs took in $26.2 million on Aug. 28, extending a nine-day inflow streak and lifting cumulative net inflows to about $1.6 billion, per SoSoValue. Bloomberg's James Seyffart called the flows "surprisingly resilient" given XRP's soft price, noting Goldman Sachs, Jane Street, and Millennium lead holders, with investment advisers the top allocators. The funds took in $26.2 million on Aug. 28, according to data from SoSoValue, extending an inflow streak that stretches back to mid-August and lifting cumulative net inflows to about $1.6 billion. With total net assets across the products standing at roughly $1.6 billion, recent daily hauls have ranged from around $2.4 million to more than $28 million.