XRP ETF holders put in $1.79B and now hold $1.15B. Three numbers explain the gap:
1. $19.13M left US spot XRP ETFs in the week to Nov 13, the biggest weekly outflow in 8 months (SoSoValue via BeInCrypto). Two days did most of it: $10.42M on Nov 9, $7.62M on Nov 10.
2. Price did the real damage. Fund assets fell 14% in a week, about $191M, and withdrawals explain only ~$19M of that. $XRP is down 15.27% over 7 days on the chart (about $0.98).
3. Supply is next. Ripple's 1B XRP escrow release lands Dec 1, 00:00 UTC. After the October and November releases it re-locked about 700M each time (Finbold), so net new supply was ~300M. Released does not mean sold.
My read: outflows are small, the pain is mark-to-market. The $0.99 level now matters, and so does whether December's escrow is re-locked again. Not financial advice.
Do you think ETF flows or escrow supply matters more for XRP here?
#XRP #ETF #Ripple
Disclosure: I can earn Binance Write to Earn rewards from this post.
1. $19.13M left US spot XRP ETFs in the week to Nov 13, the biggest weekly outflow in 8 months (SoSoValue via BeInCrypto). Two days did most of it: $10.42M on Nov 9, $7.62M on Nov 10.
2. Price did the real damage. Fund assets fell 14% in a week, about $191M, and withdrawals explain only ~$19M of that. $XRP is down 15.27% over 7 days on the chart (about $0.98).
3. Supply is next. Ripple's 1B XRP escrow release lands Dec 1, 00:00 UTC. After the October and November releases it re-locked about 700M each time (Finbold), so net new supply was ~300M. Released does not mean sold.
My read: outflows are small, the pain is mark-to-market. The $0.99 level now matters, and so does whether December's escrow is re-locked again. Not financial advice.
Do you think ETF flows or escrow supply matters more for XRP here?
#XRP #ETF #Ripple
Disclosure: I can earn Binance Write to Earn rewards from this post.
