XRP ETF Inflows Continue Unabated Despite Price Drop

XRP-backed exchange-traded funds (ETFs) continued their streak of net inflows in July, pulling in $27.29 million for a fourth consecutive month.

The cumulative total of institutional money invested in XRP ETFs now stands at nearly $1.5 billion, making it the largest among altcoin products.

Despite this steady buying, the price of XRP has fallen roughly 40% since the start of the year, mirroring the poor performance of the broader crypto market.

The Grayscale chief executive Peter Mintzberg recently filed to sell XRP ETF shares he acquired before the funds' listing at $20.45 a share, about half what earlier Grayscale insiders got in January.