XRP ETFs Edge Closer to $1 Billion as Institutional Demand Continues

US spot XRP exchange-traded funds (ETFs) have held steady at nearly $1 billion in combined net assets, despite a recent slowdown in weekly inflows. The products currently hold $996.65 million after adding $107,400 on July 10. This brings the cumulative inflows since launch to $1.48 billion.

The funds' growth has been impressive, but it's worth noting that XRP itself has had a rough year, with its price near $1.11 on July 11 and a yearly low of $1.01 last month during a broad crypto slide led by Bitcoin. This dichotomy between steady institutional accumulation against a weak spot price has become the defining feature of the XRP market for much of the year.

With only $3.35 million separating the funds from a ten-figure asset base, traders are watching whether the $1.00, $1.05 support zone holds because a break lower would push the milestone out, while a bounce could deliver it within days.