Last week delivered a sharp divergence across crypto ETF flows. For the first time in nearly two months, XRP funds saw net redemptions, while Bitcoin and Ethereum products staged a strong comeback after prolonged outflows.
Bitwise XRP ETF Single-Fund Withdrawal Ends XRP Inflow Streak
The outflows were entirely driven by a single product: the Bitwise XRP ETF, which bled $7.29 million mostly on Wednesday July 8, marking the largest single-day capital exit from any XRP ETF in recent weeks. Other major US issuers — Canary, Franklin, and Grayscale — reported zero net movement for the week. The only partial offset came from 21Shares' TOXR product, which recorded a modest $107,400 inflow. Analysts described the move as isolated, noting it did not reflect a broader shift in sentiment toward XRP ETFs.
Bitcoin ETFs Break Eight-Week Losing Streak with $197M Inflow
In stark contrast, institutional investors poured capital into Bitcoin ETFs. The segment attracted $197 million after eight consecutive weeks of outflows, signaling a notable sentiment shift.
Ethereum ETFs End Two-Month Slide; Solana and HYPE Products See Small Inflows
Ethereum funds also reversed course, pulling in $84.42 million following two months of steady redemptions. Smaller altcoin-focused products shared in the rebound: HYPE-based ETFs saw $10.36 million in net purchases, while Solana ETFs added $930,400.
XRP Total Assets Near $1 Billion; Price Holds at $1.10-$1.11 Range
Despite the weekly outflow, the XRP ETF ecosystem remains heavily capitalized. The seven US spot XRP ETFs collectively held $996.65 million in net assets, just shy of the $1 billion milestone. Since inception, these products have accumulated $1.48 billion in net inflows, underscoring sustained long-term investor interest.
XRP price stayed steady within a $1.10-$1.11 band. Market analysts characterized the price action as a consolidation phase rather than the start of a prolonged sell-off. One observer noted that despite short-term ETF redemptions, XRP's price resilience around $1.10 suggests the market is absorbing the outflows without breaking key support.