Overview
- SoSoValue data show roughly $40–$40.8 million exited U.S. spot XRP ETFs on Jan. 7, the first net outflow since their November launch.
- Most redemptions were concentrated in the 21Shares XRP ETF, while Bitwise and Grayscale reported modest inflows and Franklin Templeton was flat.
- Total assets across the products remain near $1.5 billion, indicating the move is small relative to cumulative capital gathered since launch.
- The outflow coincided with XRP retreating from an intraweek high near $2.40 to around $2.12, with a later uptick to roughly $2.15 reported.
- Coverage highlights the emergence of two-way flows as the ETF complex matures, with investors watching subsequent sessions to gauge whether outflows persist.