XRP Funds Soar as Crypto Market Recovers from June Crash

The crypto market has shown signs of recovery after a tough June, with the total market cap rising by about 4% today. However, the recent crash has made it difficult for investors to choose which cryptocurrency is best to invest in now.

XRP (CRYPTO:XRP), Solana (CRYPTO:SOL), Hyperliquid, and Chainlink (CRYPTO:LINK) have all been affected differently by the market downturn.

According to SoSoValue data, U.S. spot Bitcoin ETFs lost a record $4.5 billion in June, while XRP funds took in $59.46 million during the same period. Hyperliquid funds added $161 million in June, with the cumulative revenue of Hyperliquid crossing $1 billion.

XRP spot ETFs have pulled in $1.48 billion since their launch last November and have taken in money in all but two weeks since mid-March.