XRP spot exchange-traded funds (ETFs) recorded net inflows of $39.78 million last week, posting their strongest weekly performance since May.

On Aug. 22, blockchain media outlet U.Today reported that buying strengthened in both the spot and ETF markets after XRP's recent price rebound.

Based on SosoValue data, XRP spot ETFs saw net inflows on most trading days last week. Total net inflows were $39.78 million. Given that there had been almost no new inflows in the preceding weeks, the trend has clearly shifted.

The biggest inflow day was Aug. 21. XRP climbed more than 20 percent over 24 hours and turned to a strong uptrend. On the same day, XRP spot ETFs recorded net inflows of $18.38 million. The price surge coincided with a recovery in ETF demand, with both the spot and ETF markets responding at the same time.

The inflow trend was also reflected in cumulative totals. Cumulative net inflows into XRP spot ETFs launched late last year rose to $1.55 billion. Demand had slowed for a period, but last week's rebound expanded total inflows again.

Institutional money flowed relatively more into Bitwise products. Bitwise attracted the largest inflows among XRP-related funds on every trading day that recorded net inflows. In the latest inflows, the Bitwise XRP spot ETF took in $16.89 million, the largest share.

Last week's rebound in XRP spot ETFs came amid a broader recovery in the cryptocurrency market. XRP jumped nearly 60 percent over the same period, posting a larger rise than other major altcoins. For that reason, ETF inflows are seen as tied not only to a broader return of risk appetite but also directly to XRP's own price momentum.

A key point to watch is whether this inflow will prove to be only a temporary rebound. Last week's net inflows were confirmed as a recovery signal from the preceding sluggish trend, but for demand to persist, strength in the spot price and institutional inflows must be sustained at the same time. In particular, whether funds concentrated in Bitwise spread to other XRP spot ETFs and whether the rise in cumulative net inflows continues remain variables that will determine the next move.