What’s the Latest on XRP Spot ETFs? There’s Some Notable Activity

$XRP ETFs in the US started the new week with an outflow. In the last completed trading session, the net decrease in $XRP holdings of the tracked funds reached approximately 12 times the decrease seen throughout the entire last week.

According to $XRP Insights data, the total $XRP balance of funds decreased by 9.54 million on Monday. The platform calculated this amount to be approximately $9.93 million in dollar terms. The total net decrease over the five trading days of the previous week was 812,500 $XRP.

Thus, the outflows that were relatively limited last week accelerated significantly on the first trading day of the new week.

Funds Still Hold Over 1 Billion $XRP

Despite the outflows, the six $XRP-focused funds tracked in the US have total assets of approximately $1.27 billion. The amount of $XRP held in these products is approximately 1.16 billion.

When the $XRP share of Bitwise 10 Crypto Index ETF, which invests in multiple cryptocurrencies, is added, the total amount reaches approximately 1.19 billion $XRP, and the asset size reaches $1.30 billion. This amount corresponds to approximately 1.19% of the total supply of 100 billion $XRP.

It is noteworthy that the platform’s last ten trading days show a net decrease in eight sessions. In contrast, the 6.40 million $XRP increase recorded on October 29th stands out as one of the strongest inflow days in recent times.

Which Company Has the Largest $XRP Portfolio?

Bitwise maintains its leadership in fund size. According to the company’s published portfolio data, there are approximately 406.77 million $XRP. The Bitwise $XRP ETF has reported net assets of approximately $444.7 million.

Franklin Templeton’s XRPZ fund holds approximately 310.43 million $XRP. Thus, the total $XRP holdings of these two products alone exceed 717 million.

Canary Capital’s portfolio statement as of today also includes approximately 242.54 million $XRP. The market value of this portfolio, as disclosed by the company, is approximately $265.22 million.

These three funds comprise the largest portfolios among products that provide access to $XRP via exchanges.

The decline in $XRP price is also affecting the decrease in the total asset value of ETFs. Even if the amount of $XRP held by the fund remains unchanged, the price decrease reduces the size of the portfolio in dollar terms.

$XRP Insights makes this distinction by tracking flows based on the daily changes in $XRP balances reported by the funds. Therefore, the reported figure of $9.93 million represents the approximate dollar equivalent of the net decrease in $XRP holdings.

*This is not investment advice.