Key facts
- Spot Bitcoin ETFs experienced $201.9 million in outflows on August 28, ending a nine-day inflow streak.
- Ethereum ETFs attracted $102.1 million on August 28, extending their inflow streak to 10 days.
- Spot XRP ETFs saw $26.2 million in inflows on August 28, marking nine consecutive days of positive flows.
- Cumulative net inflows for XRP ETFs have reached approximately $1.6 billion since their launch.
- Goldman Sachs, Jane Street, and Millennium Management are significant holders of XRP ETFs.
Spot XRP exchange-traded funds (ETFs) have demonstrated remarkable resilience, recording nine consecutive days of net inflows totaling approximately $1.6 billion since their launch. On August 28 alone, these funds attracted $26.2 million, a performance that has impressed analysts like Bloomberg Intelligence's James Seyffart, especially given XRP's recent price cooling.
Seyffart noted the "surprisingly resilient" flows, highlighting that major firms such as Goldman Sachs, Jane Street, and Millennium Management are among the top holders, with investment advisers being the primary allocators. This steady demand contrasts sharply with the performance of Bitcoin ETFs, which saw outflows of $201.9 million on the same day, breaking a nine-day streak of positive inflows. Ethereum ETFs, however, continued their positive momentum, adding $102.1 million and extending their own inflow streak to 10 days.
XRP traded near $1.39, down 2.7% on the day and 7.6% for the week, though it remains up approximately 38% over the past 14 days. The divergence between strong ETF inflows and a soft spot price presents a key dynamic for XRP as the market looks ahead to potential Federal Reserve interest rate decisions.