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XRP ETFs recorded their first net outflow after weeks of steady inflows
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CoinGlass data showed one fund drove the entire $40.8M outflow
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Despite the outflow, cumulative XRP ETF assets and inflows remained stable
Crypto market data provider CoinGlass released updated flow figures showing a clear shift in capital movement across US spot XRP exchange-traded funds. According to CoinGlass data, the US spot XRP ETFs recorded a combined net outflow of $40.8M, ending a sustained inflow streak that had steadily expanded total assets.
The figures showed that the change did not reflect broad selling pressure across XRP investment products. Instead, the reversal stemmed from a concentrated adjustment within a single ETF, even as several funds continued to attract new capital.
At the same time, supporting data from SoSoValue showed that cumulative inflows remained positive and total ETF assets stayed elevated, suggesting that institutional exposure to XRP largely remained intact despite the daily decline.
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Mixed ETF flows emerge beneath headline outflow
Market-level data showed that the net outflow masked mixed performance across individual XRP ETF issuers during the session, even as some funds continued attracting fresh capital. Canary’s XRP ETF recorded an inflow of $2.32M, while Bitwise’s XRP ETF attracted $2.44M in new capital, reinforcing signs of selective demand across established funds.
Grayscale’s XRP Trust also posted a $1.69M inflow, contributing positively to overall market activity, as Franklin’s XRP ETF remained unchanged with neutral positioning. Despite these inflows, total daily figures turned negative due to one significant institutional withdrawal that dominated the session.
SoSoValue data showed that 21Shares’ TOXR ETF recorded a $47.25M outflow during the same session, outweighing all inflows recorded by other XRP ETFs.That concentrated withdrawal pushed aggregate flows into negative territory, resulting in a combined US spot XRP ETF net outflow of $40.8M.
Source: SosoValue
Even with the daily decline, broader ETF metrics remained stable across the market, reflecting limited disruption to overall positioning. Total net assets held by US spot XRP ETFs stood at $1.53B, representing about 1.16% of XRP’s market capitalization. Cumulative net inflows remained positive at $1.20B, underscoring continued institutional capital commitment despite the daily reversal. At the same time, trading activity also remained steady, with total value traded reaching $33.74M across XRP ETF products.
Issuer concentration defines the outflow narrative
A closer review of the data showed that the daily outflow reflected issuer-specific repositioning rather than broad market retreat. CoinGlass figures indicated that one ETF accounted entirely for the net decline, highlighting how concentrated adjustments can influence headline flow data.
Such movements often occur after extended inflow periods as funds rebalance internal allocations and adjust exposure levels. Importantly, inflows across multiple XRP ETFs suggested that demand remained active across diversified products, despite the overall daily outflow. This distribution reduced signs of weakening confidence across the broader XRP ETF market and supported continued institutional participation.
Additionally, net asset levels remained near recent highs following the adjustment, signaling limited stress across ETF holdings. That stability suggested minimal disruption to longer-term institutional positioning in XRP-related investment products. Market participants continue monitoring daily ETF flows for confirmation of renewed inflows or continued rotation patterns.
At the moment, the current data points to a measured adjustment rather than a structural shift in XRP ETF demand. XRP ETF flow activity remains a closely watched indicator of institutional behavior as trading activity continues.
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