XRP ETFs Continue Institutional Demand Streak Amid Broader Market Weakness

XRP spot exchange-traded funds (ETFs) continued their streak of attracting institutional investors in June, pulling in $59.46 million in net inflows for the third consecutive month.

This is a stark contrast to the broader fund complex, which saw US spot Bitcoin funds shed roughly $4.5 billion and Ethereum products record about $528 million in net outflows during the same period.

The XRP ETFs' sustained growth has positioned them as one of the few major altcoins drawing steady institutional demand, even through a weak quarter.

Ripple's dollar-pegged stablecoin, RLUSD, reached a milestone this week as the XRP Ledger overtook Ethereum as its largest issuance network, with approximately $801 million to $804 million of RLUSD supply sitting on the XRP Ledger.