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The XRP ETF recorded net inflows for the fourth consecutive month, attracting $27.29 million in July, but the price of XRP is still down about 40% year-to-date.
Although the XRP-backed exchange-traded fund (ETF) attracted $27.29 million in net inflows in July—marking its fourth consecutive month of net inflows—the price of the XRP token is still down about 40% year-to-date and is currently trading near $1.08.To date, cumulative inflows into the XRP ETF have reached nearly $1.5 billion, ranking first among all altcoin products. Additionally, Grayscale CEO Peter Mintzberg has filed an application to sell his XRP ETF shares acquired prior to the fund’s listing.During the same period, the Solana (Solana) fund recorded cumulative inflows of approximately $1.15 billion, while the Bitcoin (BTC) and Ethereum (ETH) funds attracted inflows of $172 million and $365 million, respectively, in July.
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