U.S. spot XRP exchange-traded funds have attracted $1.8 billion in cumulative net inflows, according to Bloomberg ETF analyst James Seyffart. The products have maintained mostly positive overall flows since launch, even as XRP’s price has moved, making the inflow strength notable relative to the token’s performance. Institutional ownership has also drawn attention. Seyffart’s review of second-quarter 13F filings, quarterly reports of institutional securities holdings, identified Goldman Sachs, Jane Street and Millennium Management among the largest holders. Advisers represented the biggest investor category in both holdings and capital allocated to spot XRP ETFs during the second quarter.