On-chain: XRP ETF AUM Nears $1B on Single-Issuer Flows as BTC Holds $59K-$62K
Bitwise alone drove $6.55M in July 2 XRP inflows as escrow unlocks and wallet growth ran alongside a stalled CLARITY Act vote.
Spot XRP ETFs took in $6.55 million in net inflows on July 2, marking an eighth straight week of positive flows even during a thin holiday session. The entire sum was booked by Bitwise; Canary and Grayscale both registered zero net flow, a split that points to concentrated issuer demand rather than a broad rotation across the seven approved products.
AUM approaches $1B as price stalls under resistance
Cumulative AUM across the seven listed XRP ETFs has climbed to $987.91 million, edging toward the $1 billion threshold and representing roughly 1.5% of XRP’s total market cap. Spot price sat at $1.09 at the time of writing, just below the $1.10 resistance level, with holiday-week order-book thinness flagged as a variable that could push the token toward $1.15 in either direction.
The flow streak survived a scheduled escrow release of 1 billion XRP on July 1 that produced no visible drawdown on the chart. On-chain metrics over the same window showed new wallet creation on the XRP Ledger hitting a three-month high, suggesting address growth is tracking alongside ETF demand rather than competing with it.
Separately, the CLARITY Act — the market-structure legislation XRP holders have been watching — had its floor vote pushed to late summer as Congress entered recess. The delay removes a near-term catalyst but has not so far interrupted the inflow trend.
BTC range holds on whale bids and renewed ETF demand
Bitcoin remains boxed in a $59,000-$62,000 accumulation band, with whale wallets accumulating a combined 270,000 BTC and spot Bitcoin ETFs returning to net inflows of $221.7 million. The range structure is intact for now, though thinner holiday liquidity, possible miner selling, and a break below $61,000 are the variables that could force a directional resolution.
SHIB reserves rebuild as it slips out of the top 30
Shiba Inu fell to 32nd by market capitalization at $2.55 billion, overtaken by NEAR Protocol and Tether Gold. Exchange reserves are climbing back toward 87 trillion tokens after whales moved 493 billion SHIB back onto exchanges in early July, reversing part of a 781 billion token withdrawal seen in June. Roughly $50 million in market cap now separates SHIB from re-entering the top 30.
On Bitcoin, Blockstream CEO Adam Back noted that BIP-110 — a proposal to filter non-monetary data such as Ordinals and Runes from the network — has failed to gain commercial traction among investors and traders. Mining pool support for the proposal stands at just 0.31% of total network hashrate, indicating minimal backing within the mining base.
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