Spot XRP exchange-traded funds have accumulated over $1.5 billion in total net inflows as of Friday's close, a new all-time high. But the milestone comes with a caveat: July was the second-worst month for inflows since the products launched, with just $27.29 million coming in — only January's $15.59 million was worse.
July's mixed performance
In the week ending July 2, XRP ETFs saw net inflows of $14.86 million, the best weekly showing since that period. Yet the rest of the month told a different story. Eleven of the 22 trading days in July recorded no reportable net flows at all, a sign that investor appetite is fading. June had brought in nearly $60 million, and May almost $132 million. The best month remains November, when inflows hit $666.61 million — a figure that still looks out of reach.
Bitwise leads the pack
Among individual funds, Bitwise's XRP ETF has pulled ahead of Canary Capital's XRPC. Bitwise now holds $511 million in net inflows, compared to Canary's $467 million. The gap is modest but shows that investors are favoring one issuer over the other in a still-niche market.
XRP price holds $1.05 support
XRP's price has stayed below $1.10, down more than 3% on a monthly scale. It has managed to defend the $1.05 support level, but the broader trend is weak. The lack of fresh ETF demand isn't helping. With inflows drying up, the token is relying on existing holders to keep it from sliding further.
What August might bring
Historically, August has been a particularly painful month for XRP. If the pattern holds, the coming weeks could test both the $1 support and the patience of ETF investors. Whether the funds can attract new money or will continue to see quiet days remains an open question.
