Overview
- U.S. spot XRP ETFs recorded about $40–41 million in net outflows on Jan. 7, ending a 36‑day streak of inflows, according to SoSoValue.
- XRP fell roughly 9–12% from early‑week highs to around $2.10–$2.15 as flows turned negative, while total ETF assets remained near $1.5 billion.
- WisdomTree formally pulled its XRP Fund registration under SEC Rule 477, stating it will not proceed at this time and asking to withdraw all exhibits and amendments.
- The move resets WisdomTree’s regulatory clock and avoids a potential stop order, as flows varied by issuer with 21Shares leading redemptions and Grayscale posting small inflows.
- Observers say the outflow likely reflects profit‑taking or rebalancing and caution that a trend would be signaled by consecutive redemptions; other crypto ETFs also saw withdrawals this week.