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XRP ETF inflows keep coming; biggest holder type is investment advisers

About $1.6 billion has flowed into U.S. spot XRP exchange-traded funds, and investment advisers are the largest holder type based on second-quarter 13F filings. Inflows have continued even as XRP has pulled back. Data showed the ETFs recorded nine straight sessions of net inflows, including $26.2 million on Aug. 28. Goldman Sachs held about $87.4 million, with Jane Street and Millennium Management at about $16.6 million each.

Crypto

CME overtakes Binance to top XRP futures open interest

CME Group has become the largest venue for XRP futures by notional open interest, overtaking Binance, as professional investor activity in regulated markets increased during a recent XRP rebound. Data showed CME held about 410,000 XRP contracts worth about $530 million on Sept. 1, ahead of Binance at about $510 million. CME’s share rose to about 17 percent. Overall XRP futures open interest fell in late August even as prices climbed.

Crypto

XRP may dodge September weakness as ETF flows, U.S. Clarity Act vote draw focus

XRP is showing strength ahead of September, a month often seen as weak for cryptocurrencies. U.Today reported XRP has closed higher in September 5 times and lower 3 times since 2018, with an average return of 12.19 percent. An analyst cited chart patterns shared with XLM and bitcoin, record weekly inflows into spot XRP ETFs and Goldman Sachs holdings. Attention is also on a Sept. 15 U.S. Senate vote and a 1 billion XRP escrow release.