XRP ETFs Brush Against $1 Billion in Assets as 9-Week Inflow Streak Comes to an End

CN
1 hour ago

Key Takeaways

  • US spot XRP ETFs held $996.65M in net assets after adding $107,400 on July 10.
  • The products’ cumulative inflows reached $1.48B, but a $7.29M weekly outflow ended a nine-week streak.
  • With XRP near $1.10, a handful of positive sessions could push the funds past $1B in assets within days.

Spot XRP ETFs trading in the United States recorded $107,400 in combined net inflows on July 10. The modest addition lifted total net assets to $996.65 million and cumulative inflows since launch to $1.48 billion. Seven spot XRP funds currently trade in the U.S., holding roughly 964.5 million XRP between them.

Image source: X

Friday’s green print masked a cooling week as flow data through July 9 showed $7.29 million in net outflows for the period, and the $107,400 that arrived on Friday was far too small to offset it (closing the books on a run of nine consecutive positive weeks during which the products built their $1.48 billion haul).

The soft patch follows a record stretch given that May delivered $118 million in monthly inflows, the products’ best month on record, and XRP funds have repeatedly led the category, attracting fresh capital even on days bitcoin funds bled $272 million.

Despite the solid numbers, XRP itself has had a rough year, changing hands near $1.11 on July 11. It sank to a yearly low of $1.01 last month during a broad crypto slide led by bitcoin, pushing its year-to-date decline past 40%. In fact, the token has struggled to reclaim higher ground even after Ripple, the payments company most closely associated with XRP, secured full EU regulatory approval under the Markets in Crypto-Assets (MiCA) framework.

XRP price performance over the past three months.

XRP price performance over the past three months.

That dichotomy between steady institutional accumulation against a weak spot price has become the defining feature of the XRP market for much of the year. However, the aforementioned $964.5 million figure represents a growing pool of supply held in regulated wrappers regardless of where price trades.

The math from here on out is simple, i.e. only $3.35 million separates the funds from a ten-figure asset base, a gap that a single decent session could close. Traders are watching whether the $1.00–$1.05 support zone holds because a break lower would push the milestone out, while a bounce could deliver it within days.

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