XRP ETFs see $3.28M outflow, assets drop $37M, investors $133M underwater amid XRP price dip.
Spot XRP ETFs experienced a $3.28 million net outflow on October 2, mainly from the Bitwise fund, causing combined assets to fall by about $37 million to $1.658 billion. Despite lifetime inflows of $1.791 billion, current assets are $133 million less, indicating investors are underwater on their bets. The XRP token price dropped to $1.44 before recovering slightly, influenced by broader crypto market weakness including Bitcoin's decline. This asset shrinkage despite inflows highlights challenges for XRP ETFs amid shifting market sentiment and price volatility.
Spot XRP ETFs experienced a $3.28 million net outflow on October 2, mainly from the Bitwise fund, causing combined assets to fall by about $37 million to $1.658 billion. Despite lifetime inflows of $1.791 billion, current assets are $133 million less, indicating investors are underwater on their bets. The XRP token price dropped to $1.44 before recovering slightly, influenced by broader crypto market weakness including Bitcoin's decline. This asset shrinkage despite inflows highlights challenges for XRP ETFs amid shifting market sentiment and price volatility.
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