Spot XRP Funds Ended July with a Net Inflow of $27.29 Million

According to SoSoValue, exchange-traded funds based on $XRP ended July with a net inflow of $27.29 million, extending the positive streak that has now lasted four months.

This is the best performance among other crypto funds this year, according to SoSoValue. Inflows into Solana funds were $14.62 million, followed by Chainlink with $4.54 million and Hedera with $3 million. Bitcoin and Ethereum funds attracted $172 million and $365 million respectively during this period. However, among ETFs not tied to the leading cryptocurrencies, $XRP-ETFs became the leaders of July.

The past week brought $XRP funds $14.86 million, marking the highest weekly inflow since the beginning of July, with the main surge occurring on Thursday and Friday ($6 million and $7.7 million respectively). The funds attracted $81.59 million in April, $131.94 million in May, $59.46 million in June, and $27.29 million in July. Over the four months, the investment volume has increased by more than $300 million.

The cumulative net inflow since the launch of $XRP-ETFs has reached a new record high above $1.5 billion. Among individual issuers, Bitwise (ticker $XRP) leads with $511 million, ahead of Canary Capital (XRPC) with $467 million.

Despite the impressive performance of $XRP funds, the altcoin itself has depreciated by more than 3.5% over the week and nearly 1% over the past 24 hours, according to CoinMarketCap.