🚨 XRP ETFs saw not a penny of new money come in for an entire week
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On November 2, Canary’s XRP ETF (ticker: XRPC) saw $529,500 in net outflows. From November 3 to 6, all four days had zero net inflows.
That’s a shift from “12 consecutive weeks of net inflows” to “a week with no takers.” In September, $121.4 million flowed in; in October, that fell to just $18.8 million.
Assets are shrinking, too: cumulative net inflows still total $1.81 billion, but total net assets have fallen to $1.34 billion—equivalent to 1.82% of XRP’s market cap, down from $1.425 billion on Monday. Note that this decline is due to falling prices, not redemptions.
Other products didn’t fare much better: on November 6, Solana ETFs saw $25.08 million in outflows and HYPE ETFs saw $7.96 million in outflows. Bitcoin ETFs had $1.28 billion in outflows for the week, their largest weekly outflow in 19 weeks. ZEC-related products were the only altcoin ETFs to attract money.
But on-chain, it’s a different story: on November 4, 418.5 million XRP left Binance—the largest single-day outflow in nine months, surpassing the amount on October 29, the day of that hacking incident.
What’s really worth watching is this divergence—the ETF door has closed, while whales are moving coins into cold wallets. A tightening supply doesn’t guarantee a price rise, but it determines who has coins available for the next rally.
XRP is now around $1.16, down 7% for the week. Which do you think will happen first: a break below $1.11 or a rebound to $1.34? Share your thoughts in the comments 👇
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#XRP #ETF #CryptoMarket
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On November 2, Canary’s XRP ETF (ticker: XRPC) saw $529,500 in net outflows. From November 3 to 6, all four days had zero net inflows.
That’s a shift from “12 consecutive weeks of net inflows” to “a week with no takers.” In September, $121.4 million flowed in; in October, that fell to just $18.8 million.
Assets are shrinking, too: cumulative net inflows still total $1.81 billion, but total net assets have fallen to $1.34 billion—equivalent to 1.82% of XRP’s market cap, down from $1.425 billion on Monday. Note that this decline is due to falling prices, not redemptions.
Other products didn’t fare much better: on November 6, Solana ETFs saw $25.08 million in outflows and HYPE ETFs saw $7.96 million in outflows. Bitcoin ETFs had $1.28 billion in outflows for the week, their largest weekly outflow in 19 weeks. ZEC-related products were the only altcoin ETFs to attract money.
But on-chain, it’s a different story: on November 4, 418.5 million XRP left Binance—the largest single-day outflow in nine months, surpassing the amount on October 29, the day of that hacking incident.
What’s really worth watching is this divergence—the ETF door has closed, while whales are moving coins into cold wallets. A tightening supply doesn’t guarantee a price rise, but it determines who has coins available for the next rally.
XRP is now around $1.16, down 7% for the week. Which do you think will happen first: a break below $1.11 or a rebound to $1.34? Share your thoughts in the comments 👇
Tap my profile picture to watch the livestream + join my fan group for daily strategies 🚀
#XRP #ETF #CryptoMarket
