XRP Spot ETFs See Mixed July Results Despite Net Gains

Spot ETFs tracking Ripple saw a positive end to July, marking the eighth profitable month out of the nine they have been active. The funds brought in $14.86 million during the final week of the month, driven by strong inflows on Thursday and Friday. This brought total cumulative inflows for the funds to over $1.5 billion by the close of the week.

While the monthly total of $27.29 million remains positive, it stands as the second lowest monthly inflow since the funds launched. July also saw a higher number of days with zero reportable activity compared to previous months. This shift suggests that while the funds are still attracting capital, the intensity of investor interest has softened significantly compared to the high levels seen earlier this year.

Market participants are now watching how XRP will perform through August, a month that has historically been difficult for the token. Despite ongoing development within the Ripple ecosystem, the asset continues to struggle with price momentum. Traders are currently monitoring the $1.05 support level closely, as the token remains stuck below the $1.10 mark.