Spot XRP ETFs pulled in $26.2 million on Aug. 28, stretching their inflow streak to nine straight days and pushing cumulative net inflows to about $1.6 billion. The flows have held up even as XRP's price slid, with Bloomberg Intelligence's James Seyffart calling the resilience surprising given the token's soft week.
Nine-day streak lifts cumulative inflows to $1.6 billion
Spot XRP exchange-traded funds have now logged nine straight days of net inflows, even as the token's price has cooled. The funds took in $26.2 million on Aug. 28, according to data from SoSoValue, lifting cumulative net inflows to about $1.6 billion. In the past nine days alone, the funds have drawn in over $725 million.
With total net assets across the products at roughly $1.6 billion, daily hauls have ranged from around $2.4 million to more than $28 million. Decrypt's ETF flow tracker keeps its XRP sentiment reading "bullish."
Analysts call the flows surprisingly resilient
Bloomberg Intelligence analyst James Seyffart noted on X that XRP ETF flows have been surprisingly resilient, with money moving almost entirely in one direction to reach roughly $1.8 billion in cumulative net inflows by his count, a figure he called impressive against the token's price over the same stretch.
Seyffart also broke down who's buying, citing second-quarter 13F filings. Goldman Sachs tops the list of spot XRP ETF holders with about $87.4 million in exposure, followed by Jane Street and Millennium Management. By category, investment advisers dominate as the largest holders and the biggest allocators of the quarter, ahead of hedge funds and brokerages.
Price lags the fund demand
The token changed hands around $1.39 on Monday, down 2.7% over 24 hours, according to CoinGecko. It is off roughly 7.6% over the past week, though it remains up about 38% over the past 14 days. A recent leverage unwind has tested XRP's rally, leaving traders weighing where it heads next.
The XRP ETF momentum stands in contrast to Bitcoin, where spot funds recently snapped their own nine-day inflow streak even as Ethereum products kept drawing cash. The divergence between resilient fund inflows and soft spot prices remains the key tension for XRP heading into September, as traders watch what the Federal Reserve does next on interest rates.
Source: Decrypt
Trading involves risk.
Risk Disclaimer
