Even as the cryptocurrency exchange-traded fund (ETF) market rebounded last week, XRP spot ETFs turned to net outflows.

On July 13 (local time), blockchain outlet U.Today reported that XRP spot ETFs saw a net outflow of $7.18 million from July 6 to 10. The outflow ended an inflow trend that had continued for about two months.

On a weekly basis, the withdrawals were concentrated in a single product. According to SoSoValue data, $7.29 million left the Bitwise XRP spot ETF alone, with most selling occurring in trading on July 8.

By contrast, fund flows at other major managers barely moved. XRP-related funds run by Canary, Franklin and Grayscale recorded no weekly net flow. The only fund to offset some losses was 21Shares' TOXR fund. Its inflow, however, totaled only $107,400 and did not change the overall result.

Over the same period, the broader cryptocurrency ETF market showed a clear rebound. Bitcoin spot ETFs ended eight straight weeks of weakness and drew in $197 million, while ether spot ETFs broke a two-month downtrend and posted a net inflow of $84.42 million.

New altcoin-tracking products also kept a positive trend. HYPE-based products recorded inflows of $10.36 million, and Solana spot ETFs posted inflows of $930,400.

Based on the flow picture, XRP appeared to miss this rebound, but the outflow also indicates it does not mean a structural crisis across the broader XRP ecosystem. Total net assets across seven U.S. XRP funds held at $996.65 million, near the $1 billion level seen as a psychological line. Cumulative net inflows since launch also held at $1.48 billion, with no major change.

The price also did not slide into a sharp drop. As internal reallocations proceeded, XRP found a temporary balance around $1.06. As institutional money flows into bitcoin and ether, XRP spot ETFs have effectively entered a pause.

The key point in the weekly flow was that the outflow did not appear across the broader market but was concentrated in redemptions from a single fund. The focus going forward is whether flows in the Bitwise product amount to a temporary adjustment or lead to a broader shift for XRP spot ETFs. Markets are also watching whether total net assets can continue to hold around the $1 billion level.