XRP ETFs Snap 13-Week Inflow Streak Amid Market Downturn
Key Summary
XRP ETFs have ended a 13-week streak of positive inflows, with a $1.84M outflow, but this represents only 0.1% of the total assets held. The outflow coincides with XRP's 8.7% weekly drop, prompting investors to sell off some assets.
Precedent & Market Context
The recent price movements of Bitcoin and the VIX index suggest that the fear may be fading, with the potential for a relief rally in the market. US spot Bitcoin ETFs have lost nearly $1 billion in two weeks, with net outflows of $228.6 million in the latest week, following a $681.1 million drain the week before. October's cumulative net outflows stand at $615 million, while the funds have still seen $57.3 billion in cumulative net inflows since launch.
Main Event
XRP ETFs snapped a 13-week inflow streak with a $1.84M outflow, yet that's just 0.1% of the $1.47B held in assets. XRP's 8.7% weekly drop outpaced Bitcoin's 1.7% and Ethereum's 3.4% declines, likely triggering the investor sell-off. XRP ETF investors are collectively $330M underwater, having put in $1.80B while funds now hold only $1.47B in market value.
Analysis & Market Impact
The $1.84 million outflow appears to be a minor setback compared to the $1.47 billion in assets. The October 15 flow breakdown underscores this point. While Bitwise lost $3.75 million, other funds gained, suggesting some money may have shifted. This drop in flows occurred during a difficult week for the cryptocurrency market. Throughout the week, funds experienced little net movement. On October 12 and 13, the funds recorded no net flow.
On October 14, buyers stepped in with a modest inflow of about $740,000, all from the Bitwise XRP ETF (NYSE:XRP). However, the situation shifted again on October 15, when the funds recorded a slight net outflow of around $105,000. Notably, Bitwise alone lost about $3.75 million that day, while other funds attracted about $3.6 million in new investments, offsetting most of Bitwise’s losses.
Implications & Outlook
We believe that one negative week does not signify a long-term trend. Looking longer term, XRP is down 43.1% from $2.29 in October 2025, leaving anyone who bought then facing losses. This trend of selling wasn’t isolated to XRP; the total market capitalization of cryptocurrencies fell by 3.5% within 24 hours leading up to October 17, as trading volume increased by 11.9%. This volume uptick during a price drop usually signals active selling.
XRP ETFs have ended a 13-week streak of positive inflows with a $1.84M outflow. The outflow represents only 0.1% of the total assets held.