U.S. spot $XRP exchange-traded funds (ETFs) returned to positive territory on July 2 after a brief pullback, with Bitwise $XRP ETF leading the day’s inflows.
Data from SoSoValue confirmed that July has started with net positive flows. Although inflows have slowed from the record levels seen late last year, institutional interest remains steady.
Bitwise Leads Daily $XRP ETF Inflows
Specifically, U.S. spot $XRP ETFs recorded $6.55 million in net inflows on July 2. Bitwise’s $XRP ETF was the only fund to attract fresh capital during the session, bringing in the full $6.55 million. Its cumulative historical inflows have now reached approximately $501 million.
The latest inflow lifted total assets across all U.S. spot $XRP ETFs to $988 million. Meanwhile, cumulative net inflows across all issuers also rose to $1.487 billion. The rebound came just one day after the market posted modest outflows.
Franklin’s Gains Couldn’t Offset Bitwise Redemptions
On July 1, U.S. spot $XRP ETFs recorded $1.86 million in net outflows. Franklin’s $XRP ETF (XRPZ) attracted $2.88 million in fresh capital. However, Bitwise’s $XRP ETF saw $4.75 million in redemptions, pushing the overall market into negative territory.
Following that session, total $XRP ETF assets stood at approximately $961 million. Historical cumulative net inflows reached $1.480 billion.
The return to positive inflows the next day suggests institutional demand remains resilient despite short-term fluctuations.
Monthly $XRP ETF Inflows Remain Positive
SoSoValue’s monthly data shows $XRP ETF inflows have slowed compared with the strong finish to 2025. Even so, funds have continued to attract net positive capital in most months.
Monthly net flows:
- November 2025: +$666.61 million
- December 2025: +$499.91 million
- January 2026: +$15.59 million
- February 2026: +$58.09 million
- March 2026: -$31.16 million (the only monthly net outflow so far)
- April 2026: +$81.59 million
- May 2026: +$131.94 million
- June 2026: +$59.46 million
- July 2026 (month-to-date): +$4.68 million
July has started on a positive note after June’s $59.46 million in net inflows. However, current monthly totals remain well below the record buying seen during the ETFs’ first months.
Even with slower inflows, cumulative net investment has continued to rise. That points to sustained institutional participation.
Institutional Demand Persists Despite Derivatives Slowdown
The ETF data comes as $XRP derivatives markets have cooled. Open interest has dropped sharply from around $1.3 billion to below $150 million. The decline signals a significant reduction in leveraged trading activity.
At the same time, on-chain activity has strengthened. Daily active $XRP addresses are up roughly 72% from mid-June, suggesting network usage continues to improve even as speculative trading eases.
Institutional demand has also remained steady. Before the latest July inflows, U.S. spot $XRP ETFs attracted $15.34 million on June 29. The trend suggests long-term investors continue adding $XRP exposure through regulated investment products despite weaker derivatives activity.
