XRP Spot ETFs Record $7.29 Million Net Outflow on July 8, SoSoValue Data Shows

XRP spot exchange-traded funds posted a combined net outflow of $7.29 million over one day on July 8 (U.S. Eastern Time), according to SoSoValue data. According to ChainCatcher, the outflow came solely from the Bitwise XRP ETF (XRP), which recorded a $7.29 million net redemption for the day. Despite the daily outflow, the Bitwise XRP ETF’s historical total net inflow stood at $494 million. As of the time of reporting, XRP spot ETFs had a total net asset value of $983 million, with an XRP net asset ratio of 1.45%. Cumulative historical net inflows across XRP spot ETFs totaled $1.479 billion.