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.
• 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.

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.