During the trade week of 6 to 10 July, optimism was restored in the United States encrypted currency ETF market, but XRP unexpectedly failed to participate in the rebound. According to SoSoValue, XRP's spot ETF recorded a net outflow of $7.18 million, ending a two-month inflow.
This was mainly due to the withdrawal of $7.29 million from Bitwise XRP ETF by investors, especially in the 8 July deal, where sales were particularly evident. There has been little change in the funding of other major distributors, and the funds managed by Canary, Franklin and Grayscale recorded zero net capital changes this week.
In contrast, the ETF market as a whole experienced a marked reversal of the trend: the Bitcoin Fund ended its eight-week deficit and attracted $197 million in inflows; and the ETA Fund recovered from a similar two-month decline, with $8.442 million in inflows.
Despite the outflow of funds from the XRP this week, this does not mean that there is a systemic crisis in the XRP ecosystem. The total net assets of all seven approved United States XRP funds remain close to the psychologically important level of $1 billion, reaching $996.65 million, and the cumulative net inflows since their inception have remained stable at $1.48 billion. Against the background of these internal capital rotations, the XRP price has avoided a significant decline, temporarily balancing between $1.10 and $1.11.