XRP-backed exchange-traded funds (ETFs) pulled in $27.29 million in July, marking a fourth straight month of net inflows.

The token itself trades near $1.08, down roughly 40% since the start of the year, in line with a generally poorly preforming crypto market. But many expect intuitional money and these products to be bolstering XRP, and others.

Instituional Money

Cumulative XRP ETF inflows now sit near $1.5 billion, the largest total among altcoin products. The price keeps sliding anyway.

XRP funds have ranked first or second in monthly inflows since April, without barely any outflows. Inflows ran $81.59 million in April, $131.94 million in May, $59.46 million in June, and $27.29 million in July, showing the pace has cooled even as the streak holds.

That steady buying stands out against a market where fresh capital keeps concentrating in a handful of tokens. Several smaller altcoin funds recorded no net flows in July. XRP kept adding, even at a slower pace.

Why the Price Isn’t Following the Flows

Steady ETF demand alone hasn’t lifted XRP’s price. Some of the pressure traces to a specific seller. Grayscale chief executive Peter Mintzberg filed to sell XRP ETF shares he acquired before the fund’s listing. He priced the sale at $20.45 a share, about half what earlier Grayscale insiders got in January.

Momentum indicators tell a similar story. XRP recently hit its most oversold readings on record. Traders remain split on whether the sell-off has finished.

Competition for capital plays a role too. Solana funds have pulled in about $1.15 billion since launch, edging back into second place in July. Hyperliquid funds added roughly $293 million in May and June before posting a first monthly outflow in July.

Bitcoin (BTC) and Ethereum (ETH) funds still dominate the category. They pulled in $172 million and $365 million in July, respectively.

Steady ETF buying shows institutional appetite for XRP has not faded. Whether that demand eventually lifts the price may depend on the broader altcoin market finding its footing first.

Source: BeInCrypto