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▲ XRP
The XRP spot ETF continued its weekly net inflow streak despite market weakness. However, funds flowing out for two consecutive days for the first time in three months signaled a crack in its dominant run.
According to crypto media outlet CryptoPotato on July 5 (local time), SoSoValue data showed that the XRP spot ETF recorded a net inflow of $15.63 million last Friday. It started strong with an additional $15.34 million flowing in on Monday.
The trend reversed on Tuesday and Wednesday. Investors withdrew $2.83 million and $1.86 million respectively, marking the first two consecutive days of net outflow in approximately three months. The last individual net outflow was on June 3, and a two-consecutive-trading-day outflow dates back to early March.
However, with $6.55 million flowing back in on Thursday, the weekly fund flow returned to a net inflow. The total weekly net inflow, calculated up to the last trading day before the July 4 holiday, was $17.19 million. The weekly net inflow streak also continued.
The last time the XRP spot ETF recorded a weekly net outflow was between late April and early May, and even then, the decrease was limited. XRP rose by over 8% in the past week. The underlying asset also showed a rebound along with the fund inflow into the ETF market.
The Hyperliquid (HYPE) ETF also recorded a weekly net inflow of $4.32 million, but the inflow volume sharply decreased compared to the previous week's $111.36 million. HYPE ETF's cumulative net inflow approached its all-time high of approximately $300 million, with $3.01 million flowing out on Tuesday.
[Key Article Summary]
-The XRP spot ETF recorded a weekly net inflow of $17.19 million despite two consecutive days of net outflow.
-Two consecutive days of net outflow is the first in approximately three months, and the last individual net outflow trading day was June 3.
-HYPE ETF's weekly net inflow sharply decreased from $111.36 million to $4.32 million.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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