XRP ETFs Attract $170 million Of Capital In 11 Days

U.S.-listed XRP (CRYPTO: XRP) exchange-traded funds (ETFs) have attracted $170 million in investor capital over the past 11 days, according to recent reports. This influx of capital continues despite XRP's price decline at the beginning of September, with the cryptocurrency trading at $1.34 U.S. on September 2nd, down from a peak of $1.45 U.S. on August 27th.

Despite the price drop, XRP ETFs have maintained net inflows throughout this period. MEXC has recently launched a new product, "Earn Plus," offering up to 800% APR, while Kalshi has expanded its international operations in partnership with Alpaca Brokerage. Bitmine accelerated its Ethereum purchases to close out August. Overall, $370 million was invested in Bitcoin last week.

Notably, Franklin Templeton's XRP ETF led the inflows on September 1st, drawing in $6.63 million U.S., followed closely by Grayscale with $4.72 million U.S. Investment bank Goldman Sachs is the largest institutional investor in the XRP ETFs, holding $87.4 million U.S. of capital. Other significant investors include Jane Street and Millennium Management.

While the capital allocated to XRP ETFs is comparatively small to Bitcoin's (CRYPTO: $BTC) ETFs, recent data shows that U.S. spot Bitcoin funds attracted $2.26 billion U.S. over six trading sessions in late August, eclipsing the XRP ETFs' cumulative inflows since their launch nearly a year ago. GS stock has risen 38% over the past year, currently trading at $1,010.06 U.S. per share.