US Spot XRP ETFs End Positive Inflow Streak with $1.84 Million Outflow
- US-listed spot XRP products saw a net outflow of $1.84 million in the week ending October 16.
- This marks the end of a thirteen-week streak of positive inflows that began in July.
- Canary Capital’s XRPC product experienced a significant outflow of $2.47 million on Friday.
- Net cumulative inflows into these products stood at approximately $1.8 billion by October 16.
The recent withdrawal interrupts a long run of positive flows into US-listed spot XRP products, with the largest single-day outflow attributed to Canary Capital’s XRPC product on Friday. Despite this week’s reversal, the overall positioning change is minimal compared to the cumulative inflows since July.
The significance lies in breaking the streak rather than the scale of withdrawals, suggesting a pause rather than a shift in demand for XRP ETFs. (Source)
