XRP ETFs attracted nearly $19 million in new investments last week, while Bitcoin ETFs saw $463 million in withdrawals. This suggests investor interest is shifting among crypto ETFs in the U.S.
Between September 7 and 11, Bitcoin ETFs recorded $463 million in net outflows, according to SoSoValue data. This ended a three-week streak of weekly inflows. Meanwhile, XRP ETFs continued to attract new money during the same period.
XRP ETFs Attract $18.9M
Specifically, spot XRP ETFs received $18.9 million in new investments last week. This was more than Solana ETFs, which attracted $10.3 million.
Meanwhile, Ethereum ETFs performed even better, bringing in $197 million and marking their fourth straight week of inflows.
The numbers show investors weren’t leaving crypto ETFs completely. Instead, they continued putting money into some altcoin ETFs even as Bitcoin ETFs saw withdrawals.
XRP’s strong inflows are notable because demand for these ETFs has remained steady for months. Bloomberg ETF analyst James Seyffart called XRP ETF flows “surprisingly resilient.” In late August, total inflows had reached nearly $1.8 billion.
Institutional Interest in XRP Grows
The latest inflows show that XRP investment products are becoming more popular with traditional investors.
Charles Schwab’s funds reported more than $1 million invested in the Grayscale XRP Trust ETF, according to an SEC filing. This shows that traditional investment funds are adding XRP ETFs to their portfolios.
XRP is also the largest holding in the Cyber Hornet S&P 500 & XRP 75/25 Strategy ETF.
As of June 30, XRP made up 22.5% of the fund’s assets, compared with 6.1% for NVIDIA and 5.2% for Apple. The fund combines investments in the S&P 500 with XRP, targeting 75% in S&P 500 stocks and 25% exposure to XRP.
Although the fund is still small, it gives traditional investors another regulated way to invest in XRP.
Goldman Sachs Leads XRP ETF Investors
Major financial firms are also investing in XRP ETFs. Goldman Sachs reported about $87.45 million in XRP ETF holdings in the second quarter, making it the largest institutional holder among the firms mentioned.
Jane Street reported about $16.64 million, while Millennium Management had around $16.20 million.
These figures show holdings as of June 30, so they may have changed since then. However, they show that major financial firms are taking part in the XRP ETF market.
Ultimately, the numbers confirm demand has remained strong despite big changes in XRP’s price.
While the latest numbers show a clear difference between Bitcoin and XRP ETFs, it does not necessarily mean investors are moving from Bitcoin to XRP. It simply shows that demand for XRP ETFs has remained positive even as Bitcoin ETFs faced a weak week.