XRP spot ETFs record $6.5451 million net inflow on July 2
Bitwise’s XRP ETF was the only fund to attract fresh money, lifting its cumulative inflows to $501 million as total XRP spot ETF net assets rose to $988 million.
XRP
Fact Check
Two independent aggregators (PANews and Odaily), each citing SoSoValue's US XRP ETF dataset, report identical July 2 figures matching the claim exactly: $6.5451M net inflow, Bitwise as the sole inflow fund, $501M Bitwise cumulative inflow, and $988M total net assets. The prior-day (July 1) PANews report showing Bitwise cumulative inflow of $495M and total net assets of $961M is arithmetically consistent with the July 2 update, reinforcing accuracy. The only limitation is that the live SoSoValue page did not render the specific historical daily figures for direct verification, but the mutual corroboration across independent sources is strong.
Summary
XRP spot ETFs posted total net inflows of $6.5451 million on July 2, U.S. Eastern Time, reversing the prior day’s outflow, according to SoSoValue. Bitwise XRP ETF (XRP) was the only product to record inflows, taking its cumulative historical net inflows to $501 million. As of publication, total net assets across XRP spot ETFs stood at $988 million, with a 1.47% net asset ratio and $1.487 billion in cumulative net inflows. Spot ETFs hold the underlying asset directly, making daily subscription and redemption data a closely watched signal of investor demand.
Terms & Concepts
- spot ETFs: Funds that directly hold or track the underlying asset
- net inflows: The amount of new money entering a fund after subtracting withdrawals
- net asset ratio: A measure comparing a fund’s net assets with the market value tracked in the data set