Ripple (XRP) ETF Monthly Recap: The Good, The Bad, and the Ugly

The spot exchange-traded funds tracking Ripple’s cross-border token continue with their impressive performance in times of market uncertainty, and saw only one day of no reportable action in the past week, unlike the previous ones.

July also ended in the green for the funds, meaning that only one out of the nine months they have been active was in the red.

The Good Weekly and Monthly

Data from SoSoValue shows that Monday and Wednesday were quite modest in terms of net inflows. On both days, the ETFs attracted just under $600,000. However, the green streak continued and accelerated at the end of the business week, with $6 million in net inflows on Thursday and another $7.7 million on Friday.

Thus, the week ended with $14.86 million in the green, making it the best since the one that ended on July 2, when the funds attracted $17.19 million. On a monthly scale, investors poured in $27.29 million into the spot XRP ETFs.

What’s even better is that the funds have reached another all-time high in terms of cumulative total net inflows, at over $1.5 billion as of Friday’s close. Bitwise’s XRP has extended its lead over Canary Capital’s XRPC, with $511 million in net inflows compared to $467 million for the latter.

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