U.S. spot XRP exchange-traded funds (ETFs) returned to positive territory, attracting $3.45 million in net inflows just one day after recording their first outflow in nearly a month.
The rebound erased much of the previous session’s weakness, when XRP ETFs lost $3.58 million, their first day of net outflows since July 8.
Bitwise and Franklin Lead XRP ETF Recovery
The recovery was driven by two issuers. Yesterday, Bitwise’s XRP ETF attracted $2.89 million in fresh capital, while Franklin Templeton’s XRPZ added another $561,560. No other XRP ETF recorded net flows during the session.
The inflows came just a day after Bitwise accounted for the entire $3.58 million withdrawal on Aug. 5. This suggests investors quickly returned to the fund after the brief pause in buying.
Despite the temporary outflow, U.S. spot XRP ETFs continue to hold $1.51 billion in cumulative net inflows. Bitwise remains the largest XRP ETF by cumulative inflows at $510.21 million, followed by Canary with $468.12 million and Franklin Templeton with $426.53 million.
Bitcoin and Ethereum ETFs Also Extend Winning Streak
The broader U.S. crypto ETF market also remained positive on Aug. 6. Spot Bitcoin ETFs recorded $128.69 million in net inflows, marking another day of institutional buying.
BlackRock once again led the sector with $128.33 million in inflows. Other positive contributors included:
- Fidelity: $11.20 million
- Grayscale Bitcoin Mini Trust: $7.48 million
- Grayscale Bitcoin Trust: $6.83 million
- Bitwise BITB: $1.70 million
- Morgan Stanley ETF: $14.94 million
The gains were partially offset by VanEck, which recorded $32.77 million in outflows, and Valkyrie, which saw $9.07 million leave its fund.
Meanwhile, spot Ethereum ETFs attracted $92.15 million in net inflows, extending their recent streak of positive flows as institutional investors continued buying ETH.
Among the four major spot crypto ETF categories, Solana ETFs were the only segment to finish in negative territory, posting $859,450 in net outflows.
XRP Lags Bitcoin and Ethereum Price Performance
Meanwhile, the ETF inflows came even as XRP continued to underperform the broader crypto market. At the time of writing, XRP traded at $1.03, down 1.01% over the past 24 hours and 3.43% over the previous seven days.
By comparison, Bitcoin traded at $64,822, gaining 0.35% on the day and 1.60% over the past week. Ethereum changed hands near $1,912, rising 0.5% in the last 24 hours and 1.4% over the previous seven days.
The divergence between ETF demand and XRP’s price suggests that institutional investors continued to accumulate exposure despite the token’s recent short-term weakness.
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