The narrative had held since mid-July: spot $XRP US ETFs remained the last green pocket among the majors. The week ending 16/10 put an end to 13 consecutive weeks of net inflows.
According to SoSoValue (CryptoSlate / TokenPost), weekly net flows turned to around -$1.84M. Short timeline: flat Monday-Tuesday, +~$0.74M Wednesday, slightly negative Thursday, then Canary Capital XRPC saw ~ $2.47M in outflows on Friday, tipping the week into the red. Cumulative flows remain near $1.80B; net AUM fell from around $1.57B to ~ $1.47B.
The broader context didn't help that week: ETFs $BTC ~- $229M, $ETH ~- $320M (around 56% of the four categories), SOL ~-$25.5M, for a combined ~$576M in outflows.
Spot: XRP ~ $1.304 (Kraken), BTC ~ $82.2k, ETH ~ $2,411.
Takeaway: one red week after thirteen green ones doesn't invalidate the institutional XRP narrative, but it removes the last positive cushion. Without Friday's XRPC print, the week would probably have ended near breakeven or slightly in the green.
Two near-term paths: weekly inflows resume as soon as this week, with AUM stabilizing above $1.47B; or a second red week finally brings XRP ETF demand in line with the BTC/ETH bleed.
Is this break in the streak at -$1.84M just Canary noise, or the true beginning of a more fragile XRP flow regime?
Sources: SoSoValue, CryptoSlate, TokenPost, Kraken.
#XRP #ETF
According to SoSoValue (CryptoSlate / TokenPost), weekly net flows turned to around -$1.84M. Short timeline: flat Monday-Tuesday, +~$0.74M Wednesday, slightly negative Thursday, then Canary Capital XRPC saw ~ $2.47M in outflows on Friday, tipping the week into the red. Cumulative flows remain near $1.80B; net AUM fell from around $1.57B to ~ $1.47B.
The broader context didn't help that week: ETFs $BTC ~- $229M, $ETH ~- $320M (around 56% of the four categories), SOL ~-$25.5M, for a combined ~$576M in outflows.
Spot: XRP ~ $1.304 (Kraken), BTC ~ $82.2k, ETH ~ $2,411.
Takeaway: one red week after thirteen green ones doesn't invalidate the institutional XRP narrative, but it removes the last positive cushion. Without Friday's XRPC print, the week would probably have ended near breakeven or slightly in the green.
Two near-term paths: weekly inflows resume as soon as this week, with AUM stabilizing above $1.47B; or a second red week finally brings XRP ETF demand in line with the BTC/ETH bleed.
Is this break in the streak at -$1.84M just Canary noise, or the true beginning of a more fragile XRP flow regime?
Sources: SoSoValue, CryptoSlate, TokenPost, Kraken.
#XRP #ETF