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Publier
Crypto Globe Gazette
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$XRP ETF HITS A WALL: First Ever Weekly Outflow
The XRP spot ETF just recorded its first net outflow since launch, $40.64M fleeing last week. Grayscale's GXRP led the exodus with a $55M withdrawal.
Even Bitwise's modest $8.7M inflow couldn't stem the tide. The novelty has worn off; the initial accumulation phase is over.
When a new ETF sees its first sustained outflow, it’s a clear sentiment shift. The easy money has been made; now comes the real test.
The XRP spot ETF just recorded its first net outflow since launch, $40.64M fleeing last week. Grayscale's GXRP led the exodus with a $55M withdrawal.
Even Bitwise's modest $8.7M inflow couldn't stem the tide. The novelty has worn off; the initial accumulation phase is over.
When a new ETF sees its first sustained outflow, it’s a clear sentiment shift. The easy money has been made; now comes the real test.
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