XRP Spot ETFs Experience $40.64M Weekly Net Outflow for First Time Since Listing

Data from SoSoValue shows that XRP spot ETFs saw a net outflow of $406,400 during the trading week of January 19 to January 23, based on Eastern Time in the U.S.

The Grayscale XRP ETF, known by its ticker symbol GXRP, experienced the largest net outflow among XRP spot ETFs this week, totaling $55.3892 million. GXRP has accumulated a total historical net inflow of $232 million thus far.

Conversely, the Bitwise XRP ETF saw the most significant net inflow for the week, with $8.6922 million flowing in. Over time, the Bitwise XRP ETF has garnered a total historical net inflow of $319 million.

At present, the total net asset value (NAV) of XRP spot ETFs stands at $1.36 billion. The ETF net asset ratio, which measures the ETF market value as a percentage of XRP’s total market capitalization, has reached 1.17%. In total, the cumulative historical net inflow into XRP spot ETFs amounts to $1.23 billion.