According to Bloomberg Intelligence data, Goldman Sachs, Jane Street Group, and Millennium Management were among the largest holders of spot XRP ETFs in the second quarter, with exposures of $87.4 million, $16.6 million, and $16.2 million respectively. Total identified exposure reached $183.5 million, representing approximately 176.4 million XRP tokens. Investment advisors dominated the market with $120.9 million in exposure, while hedge funds held $25.1 million. Inflows into these products reached $110.5 million for the week ending August 28, their strongest five-day inflow since the first week of December, bringing cumulative net flows to approximately $1.67 billion.
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