XRP ETFs Extend Inflow Run Despite Concerns

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Thursday was the funds' best day since late June. However, one thing has to be addressed.

The spot exchange-traded funds tracking the performance of Ripple’s cross-border token took their first hit last week in over two months, but net inflows have returned.

However, there’s still an evident investment exodus that we need to discuss, as the financial vehicles had no reportable data for too many days.

XRP ETFs Are Back
For roughly two months, during which the spot Bitcoin and Ethereum ETFs bled heavily, with billions of dollars leaving both, the XRP counterparts enjoyed investors’ attention by gathering fresh capital. In fact, as we repeatedly reported, they set a 9-week green-only streak, in which they attracted almost $200 million.

This all changed during the second week of July when data from SoSoValue showed that investors pulled out just over $7 million from the funds for the first time in over two months.

However, green is back on XRP’s street as the past week almost offset all the losses from the previous one. The net inflows for the five-day trading period stand at $6.78 million. This means that the cumulative total net inflow is back to its ATH levels of almost $1.5 billion.

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