U.S. Spot XRP ETFs Post $1.09 Million Net Outflow on Nov. 13

U.S. spot XRP exchange-traded funds recorded a combined net outflow of $1.0894 million on Nov. 13, according to the latest flow snapshot. The negative daily balance ended a run of net creation across the group, whose cumulative net inflows still stood at $1.789 billion.

The daily figure aggregates flows across all U.S. spot XRP ETFs for Nov. 13. Two funds drove the entire result: the Franklin XRP ETF (XRPZ) attracted a $4.4492 million net inflow, while the Grayscale XRP Trust ETF (GXRP) bled $5.5386 million.

How did Grayscale outweigh Franklin?

Grayscale's outflow exceeded Franklin's inflow by exactly $1.0894 million, the amount that became the group's negative daily balance. The imbalance mirrors the pattern familiar from other crypto ETF markets, where a legacy trust converted into an ETF sheds assets while newer, cheaper vehicles absorb inflows.

The historical totals underline the asymmetry between the two funds:

• Franklin XRP ETF (XRPZ): $529 million in lifetime net inflows.
• Grayscale XRP Trust ETF (GXRP): $132 million in lifetime net inflows.

Franklin has accumulated roughly four times Grayscale's cumulative intake. Even after Nov. 13, Franklin's single-day gain of $4.4492 million added to a base that dwarfs the Grayscale product's historical net position.

What does the snapshot show for the category?

Across all U.S. spot XRP ETFs, total net assets were $1.152 billion in the latest snapshot. XRP's net asset ratio — the funds' holdings expressed relative to the token's circulating supply — measured 1.77%.

That ratio gives the ETF complex a modest footprint in XRP's overall market structure. For comparison, the $1.789 billion in cumulative net inflows since launch represents the capital that has moved into the wrappers over time, distinct from the $1.152 billion in current net assets, which reflects market movement and outflows as well as creation.

Why do daily flows diverge from cumulative totals?

The Nov. 13 session shows why the two metrics must be read separately. A $1.0894 million daily outflow sits against $1.789 billion in cumulative net inflows — a drawdown of less than one-tenth of one percent of the lifetime total.

Daily flows track the combined creations and redemptions for a single trading day. Cumulative figures roll those daily balances forward over the life of each fund. A single negative day, driven almost entirely by one issuer's redemption, therefore says little about the category's longer asset trajectory, which remains firmly positive.

The snapshot also separates flows from assets: the $1.152 billion net asset figure responds to XRP's market price as well as to investor creations and redemptions, while flow data isolates the investor behavior alone.

What comes next for XRP ETF flows?

Investors will watch whether Grayscale's redemptions persist as a structural drag or prove episodic, and whether Franklin's inflow pace continues to offset them. The next flow reports will show whether the Nov. 13 outflow marks the start of a sustained withdrawal phase or a one-day imbalance in an otherwise accumulating category that still holds $1.789 billion in cumulative net inflows.