XRP spot ETFs draw $15.34 million as Bitcoin ETFs see $231.1 million outflow
XRP spot ETFs reversed course on June 30 with a modest net outflow as Bitwise posted redemptions that outweighed fresh money into Canary, while category assets and cumulative inflows remained substantial.
U.S. spot crypto ETF flows remained mixed as XRP spot ETFs swung from net inflows on June 29 to a total daily net outflow of $2.8325 million on June 30, U.S. Eastern Time, according to SoSoValue. Canary XRP ETF recorded a $2.9853 million net inflow, while Bitwise XRP ETF saw a $5.8178 million net outflow. Cumulative inflows stood at $467 million for Canary and $499 million for Bitwise. Total net assets across XRP spot ETFs were $944 million, with a 1.46% NAV ratio and cumulative historical net inflows of $1.482 billion. The move followed a stronger June 29 session, when XRP spot ETFs had attracted $15.3414 million even as Bitcoin and Ethereum spot ETFs posted net outflows.
- spot ETF: Exchange-traded fund that holds the underlying asset directly.
- NAV ratio: A measure comparing a fund's net asset value to a broader reference, used to show the fund category's relative size.
- net outflow: Money withdrawn from a fund minus new money invested over a period.