Ripple spot ETFs saw $27.29M in July inflows but faced mixed performance with weak investor interest and XRP trading below $1.10.
Ecosystem ·
Ripple spot ETFs received $14.86 million in net inflows during their best week since early July, driven by strong closing days that saw $6 million on Thursday and $7.7 million on Friday. The weekly strength brought July's total monthly inflows to $27.29 million, though this marked the second-lowest month since the funds launched, with cumulative inflows now exceeding $1.5 billion across both Bitwise and Canary Capital offerings.
The modest July performance masks underlying weakness in investor engagement. Half of the month's 22 trading days saw no reportable net flows, suggesting waning interest despite month-end acceleration. XRP itself remained under price pressure, trading below $1.10 and declining more than 3% for the month, after defending the $1.05 support level only briefly during the weekend.
Seasonality adds to headwinds moving forward. August has historically posed challenges for XRP performance, raising questions about whether renewed ETF inflows can sustain momentum through the coming month or whether the pattern of zero-flow trading days will resume.