XRP ETFs Surge to Best Weekly Performance Since Early July

XRP ETFs ended July with a positive balance despite a weaker month for inflows. The funds recorded US$ 27.29 million in net inflows during the period.

The last week of July saw a significant increase in flows, with Thursday and Friday recording US$ 6 million and US$ 7.7 million respectively. This surge pushed the weekly performance to its best since the week ended on July 2, when XRP ETFs had recorded US$ 17.19 million in inflows.

The cumulative total for XRP ETFs surpassed US$ 1.5 billion in net inflows since trading began. Among the funds, Bitwise's XRP ETF led with approximately US$ 511 million in inflows, while Canary Capital's XRPC followed closely with about US$ 467 million.

While July was a relatively weak month for XRP ETFs, with only two of the 22 trading days recording net flows, the funds still managed to post a positive balance. However, the price of XRP showed weaker performance over the one-month period, down more than 3% despite developments in the Ripple ecosystem.