XRP ETFs Extend Inflow Streak to 9 Days, Pulling In $1.6 Billion Since Launch
In brief 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.
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Key Facts
- Fact 1: In brief Spot XRP ETFs took in $26.2 million on Aug.
- Fact 2: 28, extending a nine-day inflow streak and lifting cumulative net inflows to about $1.6 billion, per SoSoValue.
- Fact 3: XRP traded near $1.39, down 2.7% on the day and 7.6% on the week; the ETF strength contrasts with Bitcoin funds snapping their own nine-day streak.
- Fact 4: The funds took in $26.2 million on Aug.
In brief 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. XRP traded near $1.39, down 2.7% on the day and 7.6% on the week; the ETF strength contrasts with Bitcoin funds snapping their own nine-day streak. 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.
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