In a week marked by notable disclosures regarding the ownership of shares in the spot XRP ETFs, the funds concluded on a positive note, albeit with activity concentrated on a single day. This is a recurring development that has frequently emerged, and the underlying asset has continued to suffer price-wise, dipping below $1.00 for the first time in nearly two years. Last week’s developments regarding net flows into the spot XRP ETFs require little elaboration, as this narrative has been consistently reiterated over time. Indeed, the five-day trading period exhibited positive performance.
However, that constitutes the extent of the positive developments. The actual figures indicate a modest inflow of $2.25 million, marginally surpassing last week’s $1.01 million. To provide context, the exchange-traded funds associated with the cross-border token were attracting more than $20 million on a weekly basis in late June and exceeding $60 million in mid-May. A closer examination of the daily performance reveals a more troubling narrative. All $2.25 million was allocated to the fund in a single day – on Thursday. The remainder of the business week, comprising four out of the five trading days, exhibited no reportable activity, with SoSoValue reflecting $0.00 for each of those days. Moreover, six out of the ten business days in August have exhibited the same trend – $0.00.
Consequently, the cumulative total net inflows have stabilised at just over $1.51 billion, exhibiting minimal fluctuation over the past couple of weeks. On the positive side, several major US institutions, including Morgan Stanley, have disclosed substantial exposure to XRP via ETFs over the past week. It appears that the absence of genuine institutional interest has contributed to the consistent decline in the trading value of the native token, as Ripple whales continue to accumulate over the past few weeks. The asset faced rejection at $1.10 recently and continued to decline, ultimately breaching the $1.05 support level.
Almost inevitably, it dipped below $1.00 on a couple of occasions in just days, and it’s currently fighting to reclaim that level decisively. From the technical and on-chain perspective, the outlook ahead is rather paradoxical. Recent on-chain metrics indicate an uptick in network activity, contrasting with a decline in overall investor sentiment, which has reached a multi-month low. Simultaneously, the XRP Open Interest has attained its peak levels since the infamous October 2025 crash, which may lead to significant volatility in the upcoming sessions.
