U.S. spot XRP ETFs have now recorded positive net inflows for 11 consecutive trading sessions, continuing to attract capital even as XRP’s spot price struggles to regain its late-August high.
The funds added another $14.38 million Tuesday, bringing inflows during the current streak to approximately $170 million. Total cumulative net inflows since launch have reached roughly $1.68 billion.
Franklin Templeton led Tuesday’s activity with approximately $6.63 million, while Grayscale followed with about $4.72 million.
Institutional filings also show major professional trading firms participating in XRP products. Goldman Sachs was the largest disclosed holder at the end of the second quarter, with approximately $87.4 million in XRP ETF exposure. Jane Street and Millennium Management also appeared among major holders.
Those filings should not automatically be interpreted as outright bullish bets. Large institutions may hold ETF shares while simultaneously hedging XRP exposure through futures, options or other instruments.
The most interesting signal is the divergence between fund flows and price. XRP traded near $1.33 Wednesday, below approximately $1.45 in late August despite the uninterrupted ETF inflow streak.
That means incoming institutional demand is currently being absorbed by selling elsewhere in the market.
TOKEN RECON ASSESSMENT
The ETF flow remains bullish structurally, but price confirmation is missing.
If XRP begins forming higher lows while inflows continue, the accumulation thesis strengthens significantly. If price continues deteriorating despite consistent ETF demand, sellers still control the immediate battlefield.
Source: CoinDesk.
