XRP spot ETFs near $1 billion in assets as broader demand cools

U.S.-listed XRP funds reached $996.65 million after a small July 10 inflow, even as a $7.29 million weekly outflow, weaker on-chain activity and softer futures data signaled cooling demand.

XRP

Summary

U.S. spot XRP ETFs added $107,400 on July 10, lifting total net assets to $996.65 million and cumulative inflows since launch to $1.48 billion, leaving the category about $3.35 million short of the $1 billion mark. The seven U.S.-traded funds hold roughly 964.5 million XRP, but the category still posted a $7.29 million weekly net outflow through July 9 or July 10 depending on the data cutoff, ending a nine-week streak of positive weekly flows. Broader XRP demand also weakened in early July: Santiment said XRP Ledger active wallets fell to 25,350, the second-lowest daily reading of 2026, new wallet creation dropped to 2,130, the weakest since November 2024, and Binance futures open interest slipped to about 397 million XRP, the lowest in more than three months. Analysts said deeply negative Binance funding rates could still present a contrarian rebound signal if sentiment improves.

Terms & Concepts
  • spot XRP ETFs: Exchange-traded funds that hold or directly track XRP rather than using derivatives.
  • funding rates: Periodic payments between long and short perpetual futures traders.
  • open interest: Total number of outstanding derivatives contracts.