XRP spot ETFs continued their hot streak into the July 4 holiday weekend, drawing $6.55 million in net inflows on July 2 — all captured by the Bitwise fund — and marking the eighth consecutive positive week. Total assets under management across the seven approved funds now stand at $987.91 million, roughly 1.5% of XRP’s total market capitalization, as the token presses against critical $1.10 resistance.
Meanwhile, Shiba Inu (SHIB) tumbled to 32nd place in global market cap rankings with a valuation of $2.55 billion, overtaken by NEAR Protocol and Tether Gold. A sharp rise in exchange reserves back to 87 trillion tokens signaled that whales had returned 493 billion SHIB to trading platforms, creating a “liquidity trap” that caps any short-term price rebounds. The gap to re-enter the top 30 is a symbolic $50 million.
On the macro side, Bitcoin has entered an accumulation phase as long-term holders reversed course and whales added 270,000 BTC near $59,000–$62,000. U.S. spot Bitcoin ETFs snapped a 10-day outflow streak with $221.7 million in inflows on July 3, though the prolonged Independence Day weekend exposes the market to thinner liquidity and potential miner selling pressure.
The week also saw Ethereum (ETH) bounce 10% from $1,500 support, Cardano (ADA) rally 16% after defending $0.15, and Binance Coin (BNB) remain flat amid Binance’s failure to secure an EU MICA license. Hyperliquid (HYPE) consolidated in a bullish pennant above $60. In a separate development, Blockstream CEO Adam Back declared the BIP-110 censorship soft fork effectively dead, with mining-pool support stuck at just 0.31% of hashrate.