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XRP Spot ETFs Record $16.61 Million Net Outflow on March 6

XRP spot ETFs experienced notable withdrawals on March 6, with the 21Shares and Bitwise ETFs leading outflows, though cumulative investor inflows remain above $1.2 billion, maintaining overall fund engagement.

XRP

Summary

XRP spot ETFs saw a total net outflow of $16.6 million on March 6, with the 21Shares XRP ETF (TOXR) contributing $10.6 million and the Bitwise XRP ETF $3.6 million. Total assets now stand at $983 million, supported by cumulative inflows of $1.236 billion, indicating continued investor participation despite short-term redemptions.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that directly tracks the price of an underlying asset, such as a cryptocurrency, without using derivatives.
  • Net outflow: The total amount of funds withdrawn from an investment product after accounting for any new inflows.
  • XRP: A digital asset used by the Ripple network to facilitate fast and low-cost cross-border payments.