XRP ETFs pull in $170 million over eleven days. Goldman tops institutional holders
XRP exchange-traded funds have seen $170 million in inflows over an eleven-day period, with Goldman Sachs emerging as the largest institutional holder. Despite this growth, the funds remain significantly smaller than their Bitcoin counterparts.
Why it matters
Institutional interest in crypto ETFs provides a window into how major financial firms are managing digital asset exposure for clients.
The funds pulled in another $14.38 million on Tuesday, taking cumulative net inflows since their launch last November to about $1.68 billion, according to SoSoValue data. Franklin Templeton's XRP fund led Tuesday with $6.63 million, followed by Grayscale with $4.72 million.
The streak began on Aug. 18 and has continued through a volatile stretch for XRP. The token traded around $1.33 early Wednesday, down from roughly $1.45 on Aug. 27 but still well above the $1 area it traded around in mid-August.
Still, that is small next to bitcoin. U.S. spot bitcoin funds took in $2.26 billion over six sessions in late August alone, more than XRP's ETFs have gathered since they started trading.
Goldman Sachs was the largest disclosed institutional holder at the end of the second quarter, with about $87.4 million of exposure, according to Bloomberg Intelligence data compiled from 13F filings.
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