XRP's spot ETF market just showed some interesting movement. On January 7th, we saw a $40 million outflow—the first significant redemption in eight weeks. The pressure came primarily from 21Shares' TOXR fund, while competing ETF products managed to hold their ground without major disruptions. This kind of capital rotation is worth watching, especially as institutional participants continue testing these newer crypto investment vehicles.
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gas_fee_therapy
· 13h ago
40 million ran away? What's going on with TOXR? It took eight weeks to get this kind of movement, it's a bit frustrating.
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MetaverseLandlady
· 13h ago
40 million fleeing, is 21Shares panicking?
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GasOptimizer
· 01-09 07:08
A major redemption only occurs once every 8 weeks, now that's stability.
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NftBankruptcyClub
· 01-09 02:52
For the first time in eight weeks, a significant redemption, 21Shares can't hold on anymore.
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MetaNeighbor
· 01-09 02:51
Sold at $40, unexpectedly the first to act was 21Shares, while other ETFs are still holding on. Wow.
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LeverageAddict
· 01-09 02:42
$400,000 fleeing? TOXR is testing the bottom line of the institutions.
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GasFeeCrier
· 01-09 02:39
40 million outflow? 21Shares, what's going on? Are they about to run away?
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SolidityStruggler
· 01-09 02:34
4 billion big withdrawal, are institutions also starting to play with heartbeat?
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SillyWhale
· 01-09 02:22
After 8 weeks, someone finally ran, 21Shares can't hold on anymore.
XRP's spot ETF market just showed some interesting movement. On January 7th, we saw a $40 million outflow—the first significant redemption in eight weeks. The pressure came primarily from 21Shares' TOXR fund, while competing ETF products managed to hold their ground without major disruptions. This kind of capital rotation is worth watching, especially as institutional participants continue testing these newer crypto investment vehicles.