XRP spot ETFs recorded $1.01 million in total net inflows for the week ending August 7.
The Bitwise XRP ETF led the group in outflows with approximately $695,600 withdrawn.
Market skepticism regarding SEC approval persists while litigation with Ripple remains ongoing.
XRP’s price fell over 1% on August 10 amid a sell-the-news market dynamic.
Regulatory uncertainty for issuers like Bitwise and Canary Capital has removed a key speculative catalyst.