XRP Spot ETFs Post $529,500 Weekly Outflow, Hold $1.34 Billion

By Tom Whitfield

XRP spot exchange-traded funds recorded $529,500 in net outflows during the five trading days from Nov. 2 through Nov. 6, according to the Nov. 8 ETF data snapshot. Canary ETF's XRPC accounted for the full withdrawal, while the broader group retained $1.81 billion in cumulative net inflows.

How large was the weekly outflow?

The Nov. 2-6 outflow equaled about 0.04% of the ETF group's $1.34 billion in net assets and about 0.03% of its $1.81 billion in cumulative net inflows. Those comparisons place the negative week against the capital retained by the products. They do not establish the direction of subsequent flows.

The weekly data assigns the entire net withdrawal to XRPC. It does not disclose gross subscriptions or redemptions at the other XRP spot ETFs, so the aggregate snapshot cannot separate offsetting activity at those funds.

The measurement window closed on Nov. 6, two calendar days before the Nov. 8 snapshot. The data does not provide a daily breakdown for Nov. 2-6 or identify the session in which XRPC recorded the net withdrawal. The weekly result therefore cannot be tied to one trading day from the available figures.

What do the cumulative totals show?

At 10:32 p.m. ET on Sunday, Nov. 8, equivalent to 03:32 UTC on Nov. 9, the group held $1.81 billion in cumulative net inflows and $1.34 billion in net assets. The snapshot therefore records a large positive cumulative flow position despite the net outflow recorded over the preceding trading week.

Cumulative net inflows and net assets measure different things. The first tracks the net subscriptions recorded across the reporting history, while the second measures the assets held at the snapshot. Treating the $1.81 billion inflow figure as current assets would overstate the reported asset base by $470 million.

XRPC's cumulative net inflows stood at $485 million in the same snapshot. That represents roughly 26.8% of the ETF group's $1.81 billion cumulative net inflows, although the data does not provide XRPC's own net-asset total. Its $529,500 weekly outflow equals about 0.11% of its cumulative inflow balance.

Why do the two group totals differ?

The $470 million spread between $1.81 billion in cumulative net inflows and $1.34 billion in net assets requires both figures to remain distinct. The reported data does not assign that spread to any component, and the snapshot alone does not establish what explains the difference.

The snapshot also placed net assets at 1.80% of XRP's market capitalization. Dividing $1.34 billion by that reported ratio produces an implied market capitalization of approximately $74.4 billion at the same moment. The percentage and implied figure are consistent with the stated asset base, but they do not reveal how the ratio was calculated.

What should the next flow update show?

The entire reported weekly net withdrawal belonged to XRPC, and its $485 million cumulative inflow balance remained positive. The broader group retained a positive $1.81 billion cumulative net inflow balance, so one negative trading week did not reverse the accumulated position.

The next dated trading-week snapshot is the relevant checkpoint. Another net outflow would extend the negative run beyond Nov. 2-6, while net inflows of $529,500 or more would erase the latest withdrawal from the next weekly reading.