Spot XRP exchange-traded funds have once again attracted the attention of major financial institutions, recording net inflows of $170 million over a span of 11 trading sessions, including 9 consecutive days of positive flows.

According to data from SoSoValue, this record brings total net inflows into spot XRP ETFs since their launch in November 2024 to $1.68 billion, signaling solid market demand even as XRP trades around $1.35 per coin.

Large Institutions Signal Interest Through Q2 Filings

Second-quarter 13F filings made public show Goldman Sachs at the top of the list, with approximately $87.4 million invested across five funds. Jane Street and Millennium Management follow close behind. 13F filings, required quarterly by the U.S. Securities and Exchange Commission from institutional investment managers managing over $100 million in qualifying assets, offer a lagged but verifiable window into how major firms are positioned — meaning these positions reflect holdings as of the end of Q2 and may have changed since.

Positioning Over Momentum Chasing

The inflow resilience comes as XRP has cooled from its mid-August high of $1.69, which could indicate that institutions are focused on positioning rather than chasing momentum. For investors, exchanges, and market makers, spot ETFs open up exposure through a regulated wrapper without the need for self-custody. Structurally, spot crypto ETFs hold the underlying asset directly, so sustained net inflows translate into token accumulation by the fund's custodian — a dynamic familiar from the Bitcoin spot ETF approvals in January 2024 that preceded a rapid buildout of institutional crypto access.

Goldman Sachs are officially the #1 institutional holder of Spot $XRP ETFs! With $87M+ exposure, the bank added a HUGE $83M this quarter. 👀 Wall Street isn't just watching $XRP anymore, some of the biggest names in global finance are actively building exposure. pic.twitter.com/Q2q3yA7LI2 — ALLINCRYPTO (@RealAllinCrypto) September 1, 2026

That reach extends further to registered investment advisors (RIAs), hedge funds, and pension accounts. It also serves as a test case for altcoin ETFs beyond Bitcoin and Ethereum, whose cumulative flows stand at $58 billion and $13 billion respectively, according to Farside. The relatively modest size of XRP ETF flows next to those figures frames the stakes: if altcoin wrappers replicate even part of Bitcoin's adoption curve, the addressable institutional channel widens considerably.

Net Flows Can Obscure Reality

The gap between ETF token accumulation and the 103 million XRP redemptions by Grayscale in the first half of 2026 underscores how netting effects can be misleading about actual spot supply. Because net flows aggregate creations and redemptions across all issuers, large single-firm redemptions can mask broader accumulation — one reason analysts track per-issuer holdings rather than headline figures.

Source: Ripple

XRP still needs to push above the $1.50 resistance level, a move that could be supported by Ripple's product releases, the continued development of institutional wrappers, and a growing number of altcoin ETF approvals.

Going forward, quarterly 13F filings, options market expansion, and SEC rulings on altcoin products are the key factors expected to shape XRP's trajectory, liquidity, and broader adoption.