Spot XRP ETFs closed their best week since early July with $14.86 million in net inflows, while July itself ranked as the funds' second-worst month since launch. Cumulative inflows into the funds reached another all-time high above $1.5 billion, with Bitwise's XRP fund extending its lead over Canary Capital's XRPC.
Spot ETFs tracking XRP pulled in $14.86 million in net inflows over the past week, their best showing since the week that ended July 2. The funds also closed July in the green, meaning only one of the nine months they have been active landed in the red.
The week accelerates into Friday
Monday and Wednesday were modest, with the ETFs attracting just under $600,000 in net inflows on each day. The pace then picked up toward the end of the business week, with $6 million in net inflows on Thursday and another $7.7 million on Friday. That made it the strongest week since the one that ended July 2, when the funds attracted $17.19 million.
Cumulative total net inflows into the funds reached another all-time high, at over $1.5 billion as of Friday's close. Within that total, Bitwise's XRP fund extended its lead over Canary Capital's XRPC, with $511 million in net inflows against $467 million for the latter.
July lands as the second-worst month
The monthly picture is weaker than the weekly one. Investors poured $27.29 million into the spot XRP ETFs in July, which places the month as the second-worst since launch. It beats only January, when investors inserted $15.59 million into the funds.
June and May were both stronger by comparison: June's net inflows stood close to $60 million, while May brought in almost $132 million. The all-time monthly high, set in November at $666.61 million, remains untouched.
Source: CryptoPotato
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