The trading week from July 6 to July 10 restored optimism to the US cryptocurrency ETF market, but the $XRP sector unexpectedly remained on the sidelines of the rally. While institutional investors were actively buying discounted BTC and ETH, spot $XRP ETFs recorded $7.18 million in net outflows, according to SoSoValue.
For $XRP funds, the week ended a two-month streak of steady inflows. Notably, the entire decline resulted from investors closing positions in one specific fund.
Investors withdrew $7.29 million from the Bitwise $XRP ETF, with most of the selling taking place during trading on Wednesday, July 8. The other major issuers remained virtually unchanged during the week: funds managed by Canary, Franklin, and Grayscale recorded zero net capital movement.
The only attempt to offset the losses came from the 21Shares TOXR fund, but its modest $107,400 inflow was not enough to improve the overall result.
Why Bitcoin and Ethereum roared back while $XRP paused
The contrast with the rest of the industry was substantial, as the broader ETF market experienced a full trend reversal:
- Bitcoin funds ended a difficult eight-week losing streak and attracted $197 million.
- Ethereum funds also emerged from a similar two-month decline, recording $84.42 million in inflows.
- Funds tracking newer altcoins also remained in positive territory: HYPE-based products attracted $10.36 million, while Solana ETFs brought in $930,400.
Despite the weekly outflow, there is no reason to speak of a systemic crisis in the $XRP ecosystem. The figures point instead to a temporary pause. The total net assets held by all seven approved US $XRP funds remain near the psychologically important $1 billion level at $996.65 million, while cumulative net inflows since their launch remain stable at $1.48 billion.
Against the backdrop of these internal capital rotations, the $XRP price avoided a sharp decline and found temporary balance within the $1.10–$1.11 range.