XRP ETF Inflows Reach July High After $6.78M Addition

XRP spot ETFs recorded their strongest daily inflow of July on July 16, led by Bitwise and Franklin funds, with total XRP ETF assets climbing close to $1 billion.

U.S. spot XRP exchange-traded funds (ETFs) attracted $6.78 million in net inflows on July 16, their largest daily intake of July, even as XRP remained under pressure in the spot market.

According to SoSoValue, the Bitwise XRP ETF (XRP) led the day’s gains with $4.41 million in net inflows, followed by the Franklin XRP ETF (XRPZ), which added $2.38 million. Other listed products, including Canary’s XRPC, 21Shares’ TOXR, and Grayscale’s GXRP, recorded no net inflows during the session.

Show AI Summary

XRP ETFs attract $6.78 million in net inflows, indicating institutional interest despite short-term price volatility

Cumulative net inflows reach $1.49 billion, with total net assets nearing $1 billion, a key milestone for XRP investment products

Investors allocate capital selectively across crypto ETFs, with XRP and Bitcoin products gaining, while Ethereum and others see outflows

Assets Near $1 Billion

The latest inflows pushed cumulative net inflows across U.S. spot XRP ETFs to $1.49 billion, while total net assets climbed to $997.18 million, representing around 1.45% of XRP’s market capitalization.

Bitwise remains the largest XRP ETF by assets under management, holding $312.82 million, followed by Canary’s XRPC with $253.20 million and Franklin’s XRPZ with $252.15 million.

In terms of cumulative inflows, Bitwise leads with $498.27 million since launch, ahead of Canary’s $466.97 million and Franklin’s $415.61 million. Trading volume across XRP spot ETFs reached $11.85 million on July 16.

XRP ETFs gain as price falls

The strong ETF inflows came as XRP traded around $1.08, down roughly 2.5% over the past 24 hours and about 10% over the past month, according to data from CoinMarketCap.

XRP ETF flows have remained uneven throughout July. The funds recorded inflows of $6.55 million on July 2, $107,380 on July 10, and $6.78 million on July 16. They also saw outflows of $1.86 million on July 1 and $7.29 million on July 8, while six trading sessions ended with no net movement.

The latest inflows came alongside mixed trends across other crypto ETFs. Bitcoin ETFs led with $79.15 million in net inflows, while Solana ETFs added $1.66 million. Meanwhile, Ethereum ETFs recorded $28.04 million in net outflows, and HYPE ETFs saw no change.

The contrasting flows suggest investors are selectively allocating capital across crypto investment products, with XRP continuing to attract institutional interest despite short-term price volatility.

Also Read: XRP Whale Outflows From Binance Sink to 2-Month Lows

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!