Crypto
XRP Funds See Weakest Month Since April as Price Remains Near $1.11
XRP funds have seen their weakest month since April, absorbing just $12.4 million in July, according to analyst Sam Daodu.
The seven U.S. spot XRP funds took in $8.15 million between Jul. 20 and Jul. 24, but the token's price remains near $1.11.
Franklin Templeton's XRPZ fund contributed $5.66 million on Jul. 21, while Bitwise added $2.49 million on Jul. 20, both of these amounts coming in two sessions.
Despite the inflows, analysts see a fading demand for XRP funds, with a third of investors who bought through them now collectively down.