First Net Outflow in ABD Spot XRP ETFs: 36-Day Inflow Series Ends
US-listed spot XRP exchange-traded funds (ETFs) (ETF) recorded a net outflow for the first time since launch this week. The end of a 36-day continuous inflow raises questions about timing rather than long-term demand.
Almost All Outflows Came from a Single ETF Nearly all of the withdrawal was from a single product. The XRP ETF with the ticker TOXR issued by 21Shares saw a $47.25 million outflow in one day. This amount corresponds to approximately 21.66 million XRP.
With this development, TOXR’s cumulative fund flow decreased to -$8.18 million, while the total net asset size of the fund remains around $258 million. According to SoSoValue data, the five listed spot XRP ETFs experienced a total net outflow of $40.8 million on Wednesday, January 7. This marks the first negative daily figure since trading began in mid-November.
The situation was different for other XRP ETFs. Canary’s XRPC, Bitwise’s XRP fund, and Grayscale’s GXRP recorded limited inflows of about $2 million each during the day, while Franklin’s XRPZ fund closed the day flat.
Despite the headline outflows, the overall picture remains strong since launch. XRP ETFs have attracted a total net inflow of approximately $1.20 billion so far, and the total net asset size of the funds reached $1.53 billion.
The situation was different for other XRP ETFs. Canary’s XRPC, Bitwise’s XRP fund, and Grayscale’s GXRP recorded limited inflows of about $2 million each during the day, while Franklin’s XRPZ fund closed the day flat.
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First Net Outflow in ABD Spot XRP ETFs: 36-Day Inflow Series Ends
US-listed spot XRP exchange-traded funds (ETFs) (ETF) recorded a net outflow for the first time since launch this week. The end of a 36-day continuous inflow raises questions about timing rather than long-term demand.
Almost All Outflows Came from a Single ETF
Nearly all of the withdrawal was from a single product. The XRP ETF with the ticker TOXR issued by 21Shares saw a $47.25 million outflow in one day. This amount corresponds to approximately 21.66 million XRP.
With this development, TOXR’s cumulative fund flow decreased to -$8.18 million, while the total net asset size of the fund remains around $258 million.
According to SoSoValue data, the five listed spot XRP ETFs experienced a total net outflow of $40.8 million on Wednesday, January 7. This marks the first negative daily figure since trading began in mid-November.
The situation was different for other XRP ETFs. Canary’s XRPC, Bitwise’s XRP fund, and Grayscale’s GXRP recorded limited inflows of about $2 million each during the day, while Franklin’s XRPZ fund closed the day flat.
Despite the headline outflows, the overall picture remains strong since launch. XRP ETFs have attracted a total net inflow of approximately $1.20 billion so far, and the total net asset size of the funds reached $1.53 billion.
The situation was different for other XRP ETFs. Canary’s XRPC, Bitwise’s XRP fund, and Grayscale’s GXRP recorded limited inflows of about $2 million each during the day, while Franklin’s XRPZ fund closed the day flat.