Crypto
Home›Crypto›Altcoins›Spot XRP ETFs record $170M inflows in 11 straight sess…
Spot XRP ETFs record $170M inflows in 11 straight sessions
The funds have drawn about $1.68 billion since their November launch, while XRP traded near $1.33 early Wednesday.
U.S. spot XRP exchange-traded funds extended their inflow streak to 11 consecutive trading sessions, pulling in about $170 million over the run and roughly $1.68 billion since they launched in November, according to CoinDesk citing SoSoValue data.
CoinDesk reports the latest pace continued Tuesday, when the ETFs attracted an additional $14.38 million, with Franklin Templeton's XRP fund leading at $6.63 million and Grayscale contributing $4.72 million.
The report notes XRP traded near $1.33 early Wednesday, below a late-August peak but above mid-August levels, and highlights that bitcoin spot funds drew more inflows than XRP funds did over comparable late-August periods.
On the professional ownership side, CoinDesk says Goldman Sachs was the largest disclosed institutional holder of the XRP funds as of June 30, with holdings of about $87.4 million, though 13F filings do not confirm whether firms hedged or kept exposure during the recent inflow streak.
Latest closeBitcoin $77,087.06 ▼1.5%|XRP $1.352 ▼3.0%