XRP Funds See Weakest Month Since April Amid Token Price Slump

XRP funds took in $8.15 million between July 20 and July 24, but this influx of capital did little to boost the token's price, which remains near $1.11.

The inflows occurred across just two trading days, with Bitwise contributing $2.49 million on July 20 and Franklin Templeton's XRPZ fund following with $5.66 million the next session.

Despite this injection of capital, the seven U.S. spot XRP products hold only $997 million against contributions totaling $1.49 billion since their November launch.

The recent inflows are a significant drop from previous months, with July's total of $12.4 million marking the weakest month for the products since April.