XRP exchange-traded funds (ETFs) in the United States began the week with significant outflows, marking a stark increase compared to the previous week’s performance. In just one trading session, these funds saw a net decrease of approximately 9.54 million XRP, equating to about $9.93 million, a figure that is nearly twelve times the total outflows recorded throughout the entire last week.
According to data from XRP Insights, the overall decline in XRP holdings across tracked funds was sharp, as the total net decrease for the preceding week was only 812,500 XRP. The acceleration in outflows suggests that investors are suddenly withdrawing more funds from XRP-related products.
Current Holdings Amid Declines
Despite these outflows, the assets under management in six XRP-focused funds remain substantial, totaling approximately $1.27 billion. These funds collectively hold about 1.16 billion XRP. When factoring in the XRP allocation of the Bitwise 10 Crypto Index ETF— a diversified fund that includes multiple cryptocurrencies— the total holdings rise to around 1.19 billion XRP, representing roughly 1.19% of the total XRP supply, which stands at 100 billion.
Moreover, a review of the past ten trading days reveals that outflows have been a consistent trend, with net declines occurring in eight sessions. Notably, an inflow of 6.40 million XRP on October 29 was an exception, illustrating a fleeting boost amid a broader downward trend.
Leading XRP Funds
Among the XRP ETFs, Bitwise has maintained its status as the largest fund based on assets. Current data indicates that Bitwise holds approximately 406.77 million XRP, with reported net assets around $444.7 million. Meanwhile, Franklin Templeton’s XRPZ fund comprises roughly 310.43 million XRP, leading to a combined holding of over 717 million XRP between these two funds alone.
Additionally, Canary Capital also lists approximately 242.54 million XRP in its portfolio, which has an estimated market value of around $265.22 million. Together, these three funds represent some of the most substantial XRP investments available through exchanges.
The overall decline in XRP’s price has further compounded the situation, contributing to a decrease in the total asset value of these ETFs. Even if the number of XRP held remains steady, a drop in price inevitably reduces the dollar value of the portfolios. XRP Insights emphasizes that its reported figures reflect daily changes in XRP balances, hence the $9.93 million drop noted reflects the dollar equivalent of the net decrease in holdings.
This is not investment advice.
