Nikolas Sargeant
TL;DR
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U.S. spot XRP ETFs recorded inflows for an 11th consecutive trading session.
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The funds attracted $14.38 million on Tuesday, taking cumulative inflows to approximately $1.68 billion.
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Franklin Templeton led the session with $6.63 million, followed by Grayscale with $4.72 million.
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Goldman Sachs was the largest disclosed institutional holder at the end of the second quarter, with $87.4 million in exposure.
U.S. spot XRP exchange-traded funds have attracted new capital for 11 consecutive trading sessions, adding approximately $170 million during the streak.
The products recorded $14.38 million in net inflows on Tuesday, according to SoSoValue. Cumulative inflows since the funds launched in November have now reached roughly $1.68 billion.
The sustained demand comes despite XRP surrendering part of its late-August rally.
Franklin Templeton Leads XRP ETF Inflows
Franklin Templeton’s XRP fund attracted $6.63 million on Tuesday, making it the strongest-performing product of the session.
Grayscale followed with $4.72 million in net inflows. The broader positive streak began on August 18 and continued through a volatile period for XRP. The token traded near $1.33 early Wednesday, down from approximately $1.45 on August 27.
However, XRP remains well above the $1 level at which it traded in mid-August.
The continued inflows during a price pullback suggest that ETF investors have maintained demand even as short-term traders took profits.
Bitcoin ETFs Remain Significantly Larger
Despite the positive trend, demand for XRP ETFs remains modest compared with the capital entering spot Bitcoin funds.
U.S. spot Bitcoin ETFs attracted $2.26 billion over six trading sessions in late August alone. That amount exceeded the $1.68 billion accumulated by XRP ETFs since their launch.
The difference reflects Bitcoin’s larger market capitalization, longer history as an institutional asset, and more established ETF market.
XRP’s 11-day streak nevertheless demonstrates that investor interest has continued beyond the products’ initial launch period.
Goldman Sachs was the largest disclosed institutional holder of XRP ETFs at the end of the second quarter.
The bank held approximately $87.4 million in exposure as of June 30, according to Bloomberg Intelligence data compiled from regulatory filings.
Jane Street was the second-largest disclosed holder with $16.6 million, followed by Millennium Management with $16.2 million.
These positions show that major financial institutions are participating in the XRP ETF market, although the filings do not reveal the purpose of each holding.
Investment Advisers Hold Most Institutional Exposure
Investment advisers represented the largest category of disclosed XRP ETF holders at the end of the second quarter.
They accounted for approximately $120 million of the $183 million reported across all institutional filings.
Other categories included:
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Hedge funds with approximately $25 million
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Brokerages with roughly $17 million
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Banks with around $14 million
Investment advisers also drove most of the quarterly increase. Their holdings rose by about $90 million, compared with a $103 million increase across every investor category.
This suggests that wealth managers and advisory firms were responsible for most of the growth in disclosed institutional exposure during the quarter.
