XRP spot ETFs post $7.18 million in weekly outflows

Bitwise ETF XRP recorded the biggest withdrawal in the July 6 to July 10 U.S. trading week, while 21Shares ETF TOXR led inflows; cumulative flows stood at $494 million net inflow for XRP and $20.06 million net outflow for TOXR.

XRP

Summary

XRP spot ETFs saw net outflows of $7.18 million during the U.S. trading week of July 6 to July 10, pointing to a modest pullback in investor demand for the funds. Bitwise ETF XRP accounted for the largest weekly outflow at $7.2918 million, while 21Shares ETF TOXR posted the biggest inflow at $107,400, according to SoSoValue. Cumulative flows stood at a $494 million net inflow for XRP and a $20.06 million net outflow for TOXR.

Terms & Concepts
  • XRP spot ETFs: Funds that track XRP's spot price
  • net outflows: More money left funds than entered
  • cumulative flows: The running total of money that has entered or exited a fund over time