XRP ETFs emerged as the only spot crypto funds in the United States to begin the new week with inflows, as Bitcoin and Ethereum record massive outflows.
Specifically, the XRP ETF products pulled in over $5 million worth of capital flows on Monday. While this represents a mild inflow, it places the funds in the most bullish position, as other crypto ETFs either saw outflows or zero flows.
XRP ETFs Bullish Trend
This is according to data sourced by Sosovalue, a leading crypto market analytics platform. Notably, on Monday, June 22, XRP ETFs recorded exactly 4.68 million XRP ($5.31 million) in capital inflows, representing their largest intraday record since June 9.
The latest performance begins the new week on a bullish note for these funds and builds on what appears to be a consistently strong showing since the start of the month. After enduring a $5.34 million outflow on June 3, these ETFs have maintained a positive streak throughout July, now going 12 days strong without any outflow.
While the inflow figures have been rather mild, ranging from $1.19 million to $7.4 million, XRP’s ability to sustain a positive streak on its ETF products during the ongoing downtrend confirms the funds’ resilience, especially considering other crypto ETFs have seen massive losses within the same period.
How Other Crypto ETFs Performed
Interestingly, no other crypto ETF product in the United States recorded capital inflows on June 22.
Specifically, Bitcoin ETFs posted $68.18 million worth of outflows that day, while Ethereum ETFs saw $66.04 million in net outflows. Every other crypto ETF, including Solana ETFs, Dogecoin ETFs, Hyperliquid ETFs, BNB ETFs, and Chainlink ETFs, witnessed zero flows.
Besides the latest performance, XRP ETFs have recently stood out during multiple periods of weak performance across crypto ETF products. For instance, on May 29, XRP ETFs welcomed the largest capital flow in the crypto market, while Bitcoin and Ethereum funds posted outflows.
Bitwise XRP ETF Stands Out as Sole Contributor
Notably, the latest performance was driven solely by the Bitwise XRP ETF (XRP), which saw $5.31 million on June 22, bringing its cumulative net inflow since inception to $481.57 million, with net assets worth $305.4 million. With this, the Bitwise product maintains its position as the largest XRP ETF, having surpassed Canary’s XRPC.
The Bitwise ETF was also the sole contributor to the $2.55 million inflow recorded by the XRP ETF market on June 18, while other products saw zero flows. Following the latest performance, cumulative total net inflows across all products now stand at $1.45 billion.