XRP ETFs slip under $1B

Assets Slip as Price Drags on Fund Values

US spot $XRP exchange-traded funds slipped below the $1 billion mark on July 16, with total net assets settling at $997.18 million, according to SoSoValue data. The move underlines a persistent gap between investor demand and the underlying token's performance.

The dip in assets was not driven by outflows. US spot XRP ETFs attracted $6.78 million in net inflows on July 16, their largest single-day intake of July. The Bitwise XRP ETF led with $4.41 million in net inflows, followed by Franklin's XRPZ with $2.38 million, while Canary's XRPC, 21Shares' TOXR, and Grayscale's GXRP recorded no net inflows during the session.

The latest inflows pushed cumulative net inflows across US spot XRP ETFs to $1.49 billion, while total net assets climbed to $997.18 million, representing around 1.45% of XRP's market capitalisation.

Price Weakness Overwhelms Steady Buying

The core tension is straightforward: buyers have remained consistent, but the price has not cooperated. XRP traded around $1.08 on July 16, down roughly 2.5% over the prior 24 hours and about 10% over the past month. For context, total net assets stood at $1.18 billion in mid-May, with cumulative inflows at $1.35 billion at that point. Since then, roughly $100 million in fresh capital has arrived, yet assets have fallen by around $180 million, purely on price movement.

July has been choppy for ETF flows overall, with six days recording zero activity. Two days saw outflows: July 1 at minus $1.86 million and July 8 at minus $7.29 million. The July 16 print was the strongest positive day of the month, but it still fell well short of the peak daily flows seen earlier in the year.

Bitwise remains the largest XRP ETF by assets under management at $312.82 million, followed by Canary's XRPC with $253.20 million and Franklin's XRPZ with $252.15 million.

The broader picture remains one of structural institutional interest running ahead of price momentum. Flow persistence, with inflows holding steady even as XRP's price experiences volatility, suggests institutions are making considered allocation decisions rather than chasing short-term momentum. Whether that patience is rewarded depends on whether the token can recover enough ground for assets to reclaim the billion-dollar threshold on a sustained basis.

Sources
Crypto Times: XRP ETF Inflows Reach July High After $6.78M Addition
CoinDesk: Spot XRP ETFs Attract Biggest Inflows Since January
Ripple: XRP ETFs: The Institutional Era Has Begun