Spot XRP exchange-traded funds in the US recorded $7.18 million in net outflows during the trading week of July 6 to July 10, breaking a two-month streak of steady inflows, according to data from SoSoValue. The reversal came even as the broader crypto ETF market staged a strong recovery, with Bitcoin and Ethereum funds attracting significant capital. The outflows were concentrated in a single fund, suggesting a temporary pause rather than a systemic shift.
A Lone Fund Drives the Decline
The entire weekly outflow stemmed from the Bitwise XRP ETF, which saw $7.29 million in redemptions, with most of the selling occurring on Wednesday, July 8. Other major issuers—Canary, Franklin, and Grayscale—recorded zero net capital movement during the week. The only offset came from the 21Shares TOXR fund, which posted a modest $107,400 inflow, but that was insufficient to reverse the overall negative trend.
Broader ETF Market Roars Back
The contrast with the rest of the industry was stark. Bitcoin funds ended an eight-week losing streak by attracting $197 million, while Ethereum ETFs emerged from a similar two-month decline with $84.42 million in inflows. Funds tracking newer altcoins also stayed positive: HYPE-based products drew $10.36 million, and Solana ETFs added $930,400. This broad rebound highlighted XRP's isolation from the week's rally.
No Signs of Systemic Crisis
Despite the outflow, the XRP ecosystem remains fundamentally stable. Total net assets held by all seven approved US XRP funds stand at $996.65 million, just shy of the psychologically important $1 billion mark. Cumulative net inflows since the funds' launch remain solid at $1.48 billion. The XRP price itself avoided a sharp decline, finding temporary balance in the $1.10–$1.11 range, suggesting the market views the outflow as a pause rather than a reversal of sentiment.