Spot XRP exchange-traded funds took in $26.2 million on Aug. 28, extending a nine-day streak of net inflows and lifting cumulative net inflows to about $1.6 billion, according to SoSoValue.

Bloomberg Intelligence analyst James Seyffart called the flows "surprisingly resilient" given XRP's soft price, noting that Goldman Sachs, Jane Street, and Millennium lead holders, while investment advisers are the top allocators.

XRP traded near $1.39, down 2.7% on the day and 7.6% on the week. The ETF strength stands in contrast to Bitcoin funds, which recently snapped their own nine-day inflow streak.

Spot XRP ETFs have been drawing steady demand even as the token's price has cooled. The funds took in $26.2 million on Aug. 28, extending an inflow streak that began in mid-August and pushing cumulative net inflows to about $1.6 billion. Over the past nine days, the products have drawn more than $725 million.

With total net assets across the products standing at roughly $1.6 billion, daily inflows in recent sessions have ranged from around $2.4 million to more than $28 million. Decrypt's ETF flow tracker currently rates XRP sentiment as "bullish."

The steady demand has drawn attention from analysts given XRP's weaker price performance. Seyffart wrote 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. He said that was particularly notable when compared with XRP's price action over the same period.

Seyffart also highlighted who is buying, citing second-quarter 13F filings. Goldman Sachs tops the list of spot XRP ETF holders with about $87.4 million in exposure, followed by Jane Street and Millennium Management. By category, investment advisers are the largest holders and the biggest allocators for the quarter, well ahead of hedge funds and brokerages.

An ETF, or exchange-traded fund, is an investment vehicle that holds an underlying asset and trades on a traditional stock exchange, allowing investors to buy and sell shares through a standard brokerage account. The first XRP ETFs in the U.S. launched in November 2025, following the earlier approval of Bitcoin ETFs the previous year.

The inflows come as XRP, originally created by the co-founders of Ripple, has struggled to hold its gains. The token changed hands around $1.39 on Monday, down 2.7% over 24 hours, according to CoinGecko, and off roughly 7.6% over the past week, though it remains up about 38% over the past 14 days. A recent leverage unwind has tested XRP's rally, leaving traders to assess its next move.

The XRP ETF momentum contrasts with Bitcoin, where spot funds recently ended a nine-day inflow streak even as Ethereum products continued to attract capital. The broader XRP ecosystem has also seen renewed institutional interest, with XRP treasury firm Evernorth recently clearing the SEC and moving toward a Nasdaq listing. That leaves XRP's fund flows as one of the clearer signals to watch into September, especially as investors compare ETF demand with the token's weaker spot performance and broader macro catalysts such as the Federal Reserve's next interest-rate decision.