XRP-backed exchange-traded funds brought in $27.29 million in July, extending their run of net inflows to four consecutive months. The streak comes even as XRP itself trades near $1.08, leaving the token down roughly 40% since the start of the year.

The divergence has stood out because ETF demand is often viewed as a supportive force for crypto prices. In XRP’s case, institutional interest has remained visible through fund flows, but the token has continued to weaken alongside a broadly soft crypto market.

Inflows continue, but at a slower pace

Cumulative inflows into XRP ETF products are now close to $1.5 billion, the largest total recorded among altcoin funds. Since April, XRP products have ranked first or second in monthly inflows and have seen very limited outflows, underscoring persistent demand from institutional buyers.

Monthly additions, however, have slowed. XRP funds drew $81.59 million in April, then accelerated to $131.94 million in May before easing to $59.46 million in June and $27.29 million in July. That pattern suggests the inflow streak is intact, but the speed of new money entering the products has cooled.

Price weakness has persisted despite fund demand

Even with steady ETF buying, XRP has not followed the usual expectation that fresh institutional money will translate into price support. The token remains near $1.08 and is still down about 40% for the year, broadly matching the weak tone across the wider crypto market.

The gap between product flows and spot performance has become a central question around XRP. While the funds show that buyers are still willing to gain exposure, the market price has continued to slide rather than respond to that demand.

Selling pressure and market signals complicate the picture

Part of the pressure may come from a specific source of supply. Grayscale chief executive Peter Mintzberg filed to sell XRP ETF shares he acquired before the fund’s listing, with the sale priced at $20.45 a share. That is about half the level insiders received in January.

At the same time, momentum indicators have pushed XRP into some of its most oversold readings on record, according to the source article. That has left traders divided over whether the recent decline has run its course or whether further weakness is still possible.

XRP leads altcoins, but Bitcoin and Ether still dominate

Competition from other crypto funds is another factor. Solana products have gathered about $1.15 billion since launch and moved back into second place in July. Hyperliquid funds added roughly $293 million across May and June before registering their first monthly outflow in July.

Even so, the scale of the broader market remains much larger. In July, Bitcoin funds pulled in $172 million and Ether funds attracted $365 million, comfortably ahead of altcoin products including XRP. That shows XRP has carved out a leading position among non-Bitcoin, non-Ether offerings, but it is still operating in a market where capital remains concentrated in the two largest crypto assets.

What may matter next

For now, the confirmed picture is mixed: institutional appetite for XRP exposure has not disappeared, but that demand has not yet reversed the token’s decline. The latest monthly flow data show continuing support for the ETF products, though at a slower pace than earlier in the run.

According to the source material, whether ETF demand ultimately feeds through to XRP’s price may depend less on the funds alone and more on whether the broader altcoin market regains stability. Until then, the split between healthy inflows and a falling token price remains unresolved.

Source: beincrypto.com