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Spot XRP ETFs recorded their first-ever daily outflows since launch
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Around $41 million left the funds, mainly from one ETF
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Analysts say this looks like normal profit-taking after XRP’s recent rally
U.S. spot XRP exchange-traded funds saw their first net outflows since launching in mid-November, ending a 36-day streak without withdrawals.
Data from SoSoValue shows that the five available XRP ETFs recorded $40.8 million in net outflows in one day. Nearly all of that came from 21Shares’ TOXR fund, which alone saw $47.25 million leave. Other funds from Canary, Bitwise, and Grayscale actually recorded small inflows of around $2 million.
Before this pullback, XRP ETFs had attracted $1.25 billion in total inflows since the launch of Canary’s XRPC fund on November 13.
According to market analysts, the move does not signal panic. The outflows represent less than 3% of total inflows, making them relatively small in context. XRP had recently jumped from $1.80 to $2.40 in just one week, prompting some investors to lock in profits.
Despite short-term weakness, on-chain data continues to look healthy. Exchange balances remain low and transaction activity is strong, both signs of underlying demand. Analysts say that if inflows return, XRP could attempt another move toward the $3 level.
The broader ETF market also saw outflows. Spot Bitcoin ETFs lost $486 million in one day, while Ethereum ETFs recorded $98.5 million in net withdrawals. This suggests a wider pullback after the recent crypto market rally, rather than an XRP-specific issue.
