XRP Spot ETFs See Net $18.1 Million Outflow on March 9
XRP spot ETFs continued to post redemptions on March 10, with SoSoValue data showing a smaller daily outflow as total net assets rose to $981 million and cumulative net inflows reached $1.214 billion.
XRP
Fact Check
The specific figure of $18.1 million (or $18.107 million) for March 9 is consistently reported by crypto news outlets and data trackers citing SoSoValue. The context of continued redemptions on March 10 and the specific asset totals ($981M assets, $1.214B cumulative inflows) are consistent with the reported market data for that period.
Summary
According to SoSoValue, XRP spot ETFs recorded a $3.88 million net outflow on March 10, following the larger $18.1 million outflow reported on March 9. Bitwise XRP ETF was the only fund to post an outflow on March 10. Despite the daily redemption, total net assets for XRP spot ETFs increased to $981 million, while cumulative historical net inflows reached $1.214 billion.
Terms & Concepts
- ETF (Exchange-Traded Fund): A pooled investment vehicle that tracks the price of an asset like XRP and trades on stock exchanges.
- XRP spot ETF: An exchange-traded fund offering direct exposure to the current market price of XRP rather than futures contracts.
- Net outflow: The amount by which investor withdrawals exceed new inflows over a given period.