XRP spot ETFs in the U.S. have extended their winning streak to 11 consecutive trading sessions, bringing in around $170 million during the run. Meanwhile, second-quarter 13F filings identify Goldman Sachs, Jane Street and Millennium Management as some of the largest disclosed institutional holders.

The funds attracted $14.38 million on Tuesday, lifting total net inflows since their launch in November to roughly $1.68 billion, according to SoSoValue. Franklin Templeton led the day’s inflows with $6.63 million, while Grayscale’s XRP ETF received $4.72 million.

The streak dates back to Aug. 18 and has held up despite XRP’s pullback from its late-August gains. The token was trading near $1.33 early Wednesday, compared with roughly $1.45 on Aug. 27. XRP is still trading above the $1 level seen around the middle of August.

Even so, XRP’s ETF market remains considerably smaller than bitcoin’s. U.S. spot bitcoin ETFs recorded $2.26 billion in net inflows over six sessions late in August, surpassing the total accumulated by XRP ETFs since their debut.

Goldman Reports Biggest Position

Goldman Sachs was the largest disclosed institutional holder as of June 30, with around $87.4 million in XRP ETF exposure, based on Bloomberg Intelligence’s compilation of 13F filings.

The position does not necessarily indicate that Goldman has adopted a bullish long-term view of XRP. Banks can hold large ETF positions as part of market-making operations, basis trades or transactions executed for clients, including wealth-management customers.

Jane Street ranked next with $16.6 million, followed by Millennium Management with $16.2 million.

13F filings provide a limited but valuable look at institutional involvement in the new XRP ETF products. They disclose many holdings in U.S.-listed stocks and funds, but they do not show whether an investor is hedging an ETF position through futures or other instruments.

Investment advisers made up the largest reported holder group, with approximately $120 million of the $183 million disclosed across the filings. Hedge funds accounted for about $25 million, brokerages held $17 million and banks reported roughly $14 million.

Advisers also recorded the largest quarterly increase, adding about $90 million in reported positions. Total holdings across all categories rose by approximately $103 million.

Why the Data Doesn’t Match the Current Streak

The institutional ownership figures and recent ETF inflows cover different periods.

The 13F data reflects positions held at the end of June, while the current 11-session inflow streak measures new money entering the funds in late August and early September.

The disclosed ETF values also represent gross positions rather than an investor’s full market exposure to XRP. Goldman Sachs, Jane Street and Millennium could hold XRP ETF shares while hedging some or all of the associated price risk through futures or other instruments.

Goldman’s bitcoin ETF activity in 2025 illustrates the distinction. The bank disclosed more than $1.5 billion in spot bitcoin ETF exposure while also reporting significant put positions and other related trades.

Because the current XRP inflow streak began roughly two months after the latest 13F reporting date, the filings cannot confirm whether the named institutions still hold those positions. Their latest holdings will only become visible when the next round of disclosures is released in November.