Ripple ETFs Hit Record Highs Amidst Market Uncertainty

Ripple's spot exchange-traded funds (ETFs) have continued to perform well in times of market uncertainty, with only one day of no reportable action in the past week. The funds have seen a green streak and accelerated at the end of the business week, attracting $6 million in net inflows on Thursday and another $7.7 million on Friday.

The weekly data from SoSoValue shows that Monday and Wednesday were modest in terms of net inflows, with just under $600,000 each day. However, the funds continued to attract investors, ending the week with a total of $14.86 million in net inflows, making it the best since July 2.

The monthly scale shows that investors poured in $27.29 million into the spot XRP ETFs, which is not as impressive as previous months. June saw nearly $60 million in net inflows, while May was even better with almost $132 million.

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.