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US spot XRP exchange-traded funds have attracted fresh money for 11 straight trading sessions, adding about USD 170 million during a volatile period for XRP. The funds drew another USD 14.38 million on Tuesday, lifting cumulative net inflows since their November launch to about USD 1.68 billion. XRP traded near USD 1.33 early Wednesday after retreating from roughly USD 1.45 on August 27.
Franklin Templeton led Tuesday's inflows with USD 6.63 million, while Grayscale followed with USD 4.72 million. The streak began on August 18 and continued as XRP gave back part of its late-August rally. Even after the pullback, XRP remained above the approximately USD 1 level seen in mid-August. Therefore, ETF inflows continued while the token traded below its August 27 level.
Can fresh ETF demand persist while XRP remains below its late-August level? The current streak shows continued fund inflows, although the available data does not establish how long that pattern will last.
XRP ETF demand remains much smaller than flows into US spot bitcoin funds. Bitcoin ETFs attracted USD 2.26 billion across six sessions in late August alone.
This six-session total exceeded the USD 1.68 billion that XRP ETFs have gathered since they started trading last November. As a result, bitcoin still holds a large lead in total ETF inflows.
At the same time, XRP funds have built their own inflow streak during recent price volatility. The 11-session run added about USD 170 million even as XRP retreated from its August 27 level.
Goldman Sachs ranked as the largest disclosed institutional holder at the end of the second quarter, with about USD 87.4 million in XRP ETF exposure. Bloomberg Intelligence compiled the figures from 13F filings.
Jane Street followed with USD 16.6 million, while Millennium Management reported USD 16.2 million. Investment advisers held about USD 120 million of the USD 183 million disclosed across all reported categories.
Advisers also drove most of the quarterly increase. Their holdings rose by about USD 90 million, compared with a USD 103 million increase across all categories. Hedge funds held USD 25 million, brokerages USD 17 million, and banks about USD 14 million.
Large investment managers file 13F reports each quarter to disclose many US-listed stocks and funds in their portfolios. Still, those filings do not reveal whether managers hedge their positions elsewhere.
Also Read: XRP Faces Seller Pressure as USD 1.40 Zone Tests Recovery Again
Goldman's position therefore does not necessarily represent a long-term directional bet on XRP. Market-making, basis trading, and client orders from wealth management accounts may have contributed to its reported holdings. The institutional data and the latest inflow streak also cover different periods. The 13F filings show holdings on June 30, while the current XRP ETF inflow run began about two months later.
Furthermore, the filings show gross ETF positions rather than each firm's complete XRP exposure. Goldman, Jane Street, and Millennium can hold ETF shares while hedging price risk through futures or other instruments.
CoinDesk drew a similar distinction around Goldman's bitcoin ETF holdings in 2025. More than USD 1.5 billion in disclosed spot ETF exposure then existed alongside substantial put positions and other trades. The next 13F round will arrive in November. Those disclosures will show whether the firms reported as holders at the end of June still held XRP ETF positions during the following quarter.
XRP ETFs have drawn fresh money for 11 straight sessions, adding about USD 170 million despite XRP’s recent pullback. Meanwhile, second-quarter filings show Goldman Sachs leading disclosed institutional holdings. November’s next 13F round will reveal whether those reported positions remained in place.
