XRP
Spot XRP ETFs Snap Eleven-Day Inflow Run with 7.2 Million Dollars in Net Outflows
Net redemptions halted an eleven-session accumulation phase that had brought total cumulative XRP ETF inflows to 1.68 billion dollars.
Spot XRP exchange-traded funds registered $7.2 million in net outflows on Wednesday, ending an 11-session streak of consecutive daily inflows. The previous run had brought in approximately $170 million, pushing cumulative inflows for XRP funds to roughly $1.68 billion.
The reversal in fund flows occurred against a backdrop of wider market pullbacks, with XRP shedding 2.4% over a seven-day stretch to trade at $1.36. Spot Ether funds similarly halted their 12-day growth streak with $48 million in net redemptions.
Conversely, US spot Bitcoin funds posted a positive turnaround on Wednesday, logging $101.2 million in net inflows following $236.5 million in withdrawals the previous day, even as Bitcoin's spot price dipped 1.3% over the week to $77,744.
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