XRP ETFs Record Nine Straight Days of Inflows Despite Token Price Weakness

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.

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. In the last nine days alone, the funds have drawn in over $725 million.

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. Decrypt's ETF flow tracker keeps its XRP sentiment reading "bullish."

The steady demand has impressed analysts given XRP's lackluster price. 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 particularly impressive when stacked 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, well ahead of hedge funds and brokerages.

An ETF, or exchange-traded fund, is an investment vehicle that holds an underlying asset and trades on a traditional stock exchange, letting investors buy and sell shares through an ordinary brokerage account. The first XRP ETFs in the U.S. launched in November 2025, following the earlier approval of Bitcoin ETFs the previous year.

The current inflows come as the XRP cryptocurrency, originally created by the co-founders of Ripple, has struggled to hold its ground.

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. 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 a nine-day inflow streak even as Ethereum products kept drawing cash. The broader XRP ecosystem has also seen fresh institutional interest, with XRP treasury firm Evernorth recently clearing the SEC and heading towards a Nasdaq list.