Crypto
XRP Price Fails to Budge Amid Weakest Month of ETF Inflows Since April
Despite taking in $8.15 million between July 20 and July 24, XRP's spot price remains near $1.11.
This influx of funds into seven U.S. XRP ETFs was all concentrated across two trading days, with Bitwise contributing $2.49 million on July 20 and Franklin Templeton's XRPZ fund adding $5.66 million the following session.
The total is a far cry from previous months, which saw inflows of $131.94 million in May and $59.46 million in June.
Analyst Sam Daodu notes that this week's inflows represent the weakest month for XRP funds since April, with investors who bought in through these products collectively down about a third.