Even as Ripple (XRP) enters a short-term correction phase, capital continues to flow into the U.S. spot exchange-traded fund (ETF) market. With spot prices and ETF fund flows moving in opposite directions, the sustainability of institutional demand has emerged as a key variable for the future of the Ripple market.

Daily Net Inflow of $26.2 Million... Nine-Day Streak Continues

According to Decrypt on the 1st (local time), citing SoSoValue data, U.S. spot Ripple ETFs recorded a net inflow of approximately $26.2 million on August 28. This extended the streak of net inflows to nine consecutive trading days, bringing cumulative net inflows since launch to roughly $1.6 billion.

The intensity of recent inflows is notable. According to Decrypt, net capital flowing into Ripple ETFs over the past nine trading days exceeded $100 million. Daily net inflows ranged from about $2.4 million to over $28 million, fluctuating day to day, but the overall direction remained firmly toward sustained net inflows.

Prices Correct While Capital Moves Against the Trend

This ETF market trend stands in contrast to Ripple's price action. At the time of the report, Ripple was trading around $1.39, down about 2.7% over 24 hours and roughly 7.6% over the past seven days. However, it remained up about 38% over the past 14 days.

The market interprets the recent weakness partly as a correction following the earlier sharp rally, while some analysts attribute the short-term volatility to the unwinding of leveraged positions.

Goldman Sachs, Jane Street Among Institutional Holders

Institutional investors' ETF holdings are also drawing attention. Decrypt, citing analysis from Bloomberg Intelligence's James Seyffart, reported that Goldman Sachs, Jane Street, and Millennium Management were named as major holders of spot Ripple ETFs. Goldman Sachs' exposure to the relevant ETFs was cited at approximately $87.4 million.

By investor type, investment advisers reportedly account for a relatively large share. Some in the market suggest this structure may reflect not only short-term trading capital but also, to some extent, institutional asset allocation demand. However, it is difficult to conclude that expanding institutional holdings will directly translate into rising Ripple prices.

A Divergent Flow from Bitcoin ETFs

ETF fund flows also diverged from Bitcoin's. Decrypt reported that spot Bitcoin ETFs ended their own nine-day net inflow streak recently, while Ripple ETFs continued to attract capital over the same period.

Spot Ripple ETFs began trading in earnest in the U.S. market in November 2025. ETFs are financial products designed to allow investors to gain indirect exposure to an asset's price movements through ordinary brokerage accounts without directly holding the cryptocurrency.

Continued Inflow Streak Is the Key Going Forward

The market expects how much longer Ripple ETFs' consecutive net inflow streak will last to become increasingly important. If capital inflows continue even as spot prices correct, it could be interpreted as a signal of sustained institutional demand. Conversely, if ETF inflows slow, the investment sentiment built up after the recent price rally could weaken quickly.

U.S. monetary policy and shifts in global risk appetite are also cited as variables that could influence Ripple's price.

Ultimately, the Ripple market is currently showing prices and ETF fund flows moving in different directions. Whether institutional capital inflows persist amid the ongoing spot price correction is expected to be a key inflection point determining the market's future direction.

[※ This article is intended to provide information about the cryptocurrency market and does not recommend the purchase or sale of any specific virtual asset or guarantee investment returns. Price forecasts, support and resistance levels, and target prices mentioned in the article are scenarios based on technical analysis by market participants and may unfold differently from actual price movements. Cryptocurrencies are high-risk assets with extreme price volatility, and investors may lose part or all of their principal. Investment decisions and their consequences rest solely with the investor, so please thoroughly review market conditions and relevant information before investing. This article was written with AI assistance.]