XRP ETFs Experience Outflow, Yet Overall Demand Remains Strong
- On Sept. 17, US spot XRP exchange-traded products saw a $5.15 million outflow, interrupting a monthly inflow of $192 million.
- The cumulative net-flow total for Maketo’s five-fund series declined from approximately $1.72 billion to about $1.71 billion.
- Outflows were primarily from two funds, with about $4 million attributed to the 21Shares TOXR and around $1 million from Canary’s XRPC.
- Despite the outflow, the rolling week through Sept. 17 remained positive by roughly $10 million.
- As of Sept.16, Bitwise’s XRP ETF reported approximately $486.85 million in net assets and over 33 million shares outstanding.
The recent outflow indicates a potential cooling in demand for XRP ETFs, but overall trends show strong investor interest with substantial inflows throughout the month.
Currently, despite a single day of redemptions totaling over $5 million, the five funds have collectively absorbed about $192 million in inflows this month, indicating robust ongoing demand for XRP-related investments.
