XRP Spot ETFs Experience First Weekly Net Outflow
XRP spot ETFs experienced their first weekly net outflow of $406,400 between January 19 and January 23, as indicated by data from SoSoValue. Among them, the Grayscale XRP ETF (GXRP) noted the highest outflow of $55.3892 million despite having historically received a total net inflow of $232 million. On the contrary, the Bitwise XRP ETF saw the most substantial net inflow of $8.6922 million during this week, contributing to its overall historical net inflow of $319 million.
Currently, the total net asset value of XRP spot ETFs is estimated at $1.36 billion, with an ETF net asset ratio of 1.17%. Notably, XRP spot ETFs have gathered $1.23 billion in net inflows overall.
The latest data provides insights into the dynamic nature of the cryptocurrency market, particularly concerning XRP spot ETFs. This data is crucial for investors looking to understand market movements and make informed decisions regarding their investment strategies.
