XRP ETFs See First Weekly Outflow in 13 Weeks

XRP ETF Inflows Pause After 13-Week Run

US-listed spot XRP exchange-traded funds recorded a net weekly outflow of $1.84 million for the week of October 12–16, ending a 13-week period of consecutive positive flows. While marking the end of a significant run, the outflow is relatively small compared to the total inflows the ETFs have attracted since launch.

The reversal was not uniform throughout the week. Funds were stable on Monday and Tuesday, saw a gain of approximately $740,400 on Wednesday, and experienced a minor withdrawal of $104,500 on Thursday. A $2.47 million outflow from Canary Capital’s XRPC product on Friday ultimately pushed the weekly balance into negative territory.

The shift occurred as XRP traded around the $1.30 price point, a level of interest amid broader cryptocurrency market fluctuations. However, the data doesn’t indicate the specific reasons behind the sales – whether due to price action, portfolio adjustments, or other factors.

As of October 16, net cumulative inflows into XRP ETFs totaled roughly $1.8 billion. Therefore, the $1.84 million weekly outflow represents a minor adjustment to overall positioning. The ending of the inflow streak is the primary news event, not the size of the withdrawal itself. Further negative weekly flows would be needed to signal a more substantial shift in investor sentiment.

Source: NewsBTC