XRP Spot ETF Sees First Net Outflows Since Listing

The US spot ETF for the cryptocurrency XRP experienced its first net outflows since its listing on the 7th.

According to data from SoSoValue, the net outflow on this day was $40.8 million (approximately 6.4 billion yen). The shift to net outflows is thought to be driven by profit-taking sales.

The following graph from SoSoValue illustrates the fund flows since the start of trading. While the 26th of last month saw a break-even day, other days continued to see net inflows. In contrast to Bitcoin and Ethereum ETFs, which have been trending towards outflows, the high demand for the XRP ETF has been drawing attention.

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