Bitwise and Franklin led the day's additions, while total net assets neared $1 billion even as XRP traded lower and July flows remained uneven.
U.S. spot XRP ETFs posted $6.7847 million in net inflows on July 16, marking the category's largest daily intake of July and pushing total net assets to $997.18 million, or about 1.45% of XRP's market capitalization. Bitwise XRP ETF led the day's flows with $4.406 million, while Franklin XRP ETF added $2.3787 million; Canary's XRPC, 21Shares' TOXR and Grayscale's GXRP recorded no net inflows. Historical cumulative net inflows rose to $1.486 billion, with Bitwise remaining the largest fund by assets under management at $312.82 million, ahead of Canary at $253.20 million and Franklin at $252.15 million. The gains came even as XRP traded around $1.08, down roughly 2.5% over 24 hours and about 10% over the past month, underscoring continued allocations into the funds despite weakness in the spot market.