U.S. spot XRP ETFs have pulled in fresh money for eleven straight trading sessions, adding roughly $170 million to the funds even as XRP has given back part of its late-August rally. Regulatory filings separately show Goldman Sachs, Jane Street and Millennium Management among the largest disclosed institutional investors in the funds as of June 30.
U.S. spot XRP exchange-traded funds have taken in fresh money for eleven straight trading sessions, extending a run that has added about $170 million even as XRP has given back part of its late-August rally. The funds pulled in another $14.38 million on Tuesday, taking cumulative net inflows since their launch last November to about $1.68 billion, according to SoSoValue data.
XRP price cools while inflows continue
Franklin Templeton's fund led Tuesday's inflows with $6.63 million, followed by Grayscale with $4.72 million. XRP traded near $1.33 early Wednesday, down from roughly $1.45 on Aug. 27 but still well above the $1 area it traded around in mid-August. Still, the streak is small next to bitcoin: U.S. spot bitcoin funds took in $2.26 billion over six sessions in late August alone, more than XRP's ETFs have gathered since they started trading.
Goldman tops disclosed institutional holders
Goldman Sachs was the largest disclosed institutional holder at the end of the second quarter, with about $87.4 million of exposure, according to Bloomberg Intelligence data compiled from 13F filings. Jane Street followed with $16.6 million and Millennium Management with $16.2 million. These quarterly disclosures show many of the U.S.-listed stocks and funds held by large investment managers, but they do not reveal whether those firms are also hedging the positions elsewhere.
Investment advisers were by far the largest category of reported holders, accounting for about $120 million of the $183 million disclosed across the filings. Hedge funds held about $25 million, brokerages held $17 million and banks around $14 million. Advisers also accounted for most of the quarter's increase, with their holdings rising by about $90 million compared with a $103 million increase across all categories.
Two different measures, two different windows
The institutional holdings and the inflow streak measure different things. The filings show who held the ETFs on June 30, while the nine-day run records fresh money entering the funds in late August and early September. These figures are also a measure of gross ETF positions rather than an investor's complete exposure to XRP, so Goldman, Jane Street and Millennium can all hold an XRP ETF while hedging some or all of the price risk through futures or other instruments. CoinDesk made a similar distinction with Goldman's bitcoin ETF holdings in 2025, when more than $1.5 billion of disclosed spot ETF exposure sat alongside substantial put positions and other trades. Whether the firms named in the June 30 filings are still holding will not be visible until the next round lands in November.
Source: CoinDesk
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