Ripple ETFs End July in Green, But Inflows Remain Modest
Ripple's spot exchange-traded funds (ETFs) continue to attract significant interest from investors, despite market volatility. In July, the ETFs ended in the green for only the second time out of nine months.
The funds saw a modest start to the week, with $600,000 in net inflows on Monday and Wednesday. However, this was followed by a surge at the end of the business week, with $6 million and $7.7 million in net inflows on Thursday and Friday respectively.
This resulted in a weekly total of $14.86 million in net inflows, making it the best since July 2. On a monthly scale, investors poured in $27.29 million into the spot XRP ETFs.
The cumulative total net inflows have reached an all-time high of 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.