About $1.6 billion has flowed into U.S. spot XRP exchange-traded funds (ETFs), and the largest holder type based on second-quarter 13F filings was investment advisers. Inflows have continued even as XRP has been in a correction, drawing growing attention to institutional demand.

On Sept. 2 (local time), blockchain outlet Cryptopolitan reported that cumulative net inflows and total net assets for U.S. spot XRP ETFs had each risen to about $1.6 billion.

Recent flows also looked strong. Sosovalue data showed XRP ETFs pulled in $26.2 million on Aug. 28, marking nine straight trading sessions of net inflows. Cumulative inflows over the period topped $725 million. Daily inflows varied, but the overall trend stayed net positive.

Bloomberg ETF analyst James Seyffart also assessed the flows into XRP ETFs positively. He wrote on X, formerly Twitter, that "XRP ETF flows have been surprisingly resilient" and said money largely moved in one direction, with cumulative net inflows reaching $1.8 billion. Seyffart's tally is higher than the Sosovalue figure.

Holdings by institutional investors also underscored interest in XRP ETFs. Based on second-quarter 13F filings, Goldman Sachs held about $87.4 million in XRP ETFs, the biggest exposure. Jane Street and Millennium Management followed with about $16.6 million each.

By investor type, investment advisers were calculated to hold the largest amount of funds. They were shown to be well ahead of hedge funds and brokerages, and a holdings structure centered on advisers managing client assets is leading to analysis that long-term money is flowing into XRP ETFs.

The pace of inflows into U.S. spot XRP ETFs is also relatively fast. After trading began starting with Canary Capital's XRPC on Nov. 13 last year, net assets rose to about $1.18 billion by mid-December last year. The ETFs also recorded 30 straight trading sessions of net inflows.

A decline in regulatory uncertainty is also cited as a factor. The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) ended in August 2025 after both sides withdrew their appeals. A $125 million fine remained in place, and Judge Analisa Torres had previously ruled that XRP sales to institutions constituted unregistered securities.

Still, money flowing into ETFs and gains in XRP do not necessarily move in the same direction. CoinGecko data showed XRP was trading at about $1.35, down 2.44 percent on the day and down 7.07 percent over the past week.

A difference in flows compared with other cryptocurrency ETFs also emerged. While XRP ETFs continued net inflows this week, bitcoin funds ended a run of nine straight trading sessions of net inflows. The market is therefore watching whether ETF inflows can persist even as XRP remains in a correction.

A key point to watch is whether money flowing into XRP ETFs moves beyond short-term product demand and leads to long-term holding demand. In particular, if institutional inflows led by investment advisers continue, there are expectations that XRP's foothold for mainstream investing could expand further.