XRP ETFs Experience $40.8M Outflow, Ending 54-Day Inflow Streak
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Outflow Trend Emerges: On January 7, XRP spot ETFs recorded a $40.8 million outflow, ending a 54-day inflow streak, which significantly reflects a decline in institutional confidence, leading to a 14% drop in XRP price over three days.
- 21Shares Fund Leads Redemptions: Among the five approved XRP ETF products, the 21Shares TOXR fund experienced the largest outflow of $47.25 million, pushing its cumulative flow into negative territory, indicating a lack of market confidence in this product.
- Decline in Assets Under Management: The total assets under management for XRP ETFs fell from $1.65 billion to $1.53 billion, suggesting a waning interest from investors that could impact future inflows and market performance.
- Increased Market Caution: During the ETF outflow period, 22 million XRP tokens were moved off exchanges, raising trader attention regarding potential supply changes, although no direct correlation with ETF outflows has been confirmed.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
