What’s the Latest on XRP Spot ETFs? There’s Some Notable Activity

XRP ETFs in the US started the new week with an outflow. In the last completed trading session, the net decrease in XRP holdings of the tracked funds reached approximately 12 times the decrease seen throughout the entire last week.

According to XRP Insights data, the total XRP balance of funds decreased by 9.54 million on Monday. The platform calculated this amount to be approximately $9.93 million in dollar terms. The total net decrease over the five trading days of the previous week was 812,500 XRP.

Thus, the outflows that were relatively limited last week accelerated significantly on the first trading day of the new week.

Funds Still Hold Over 1 Billion XRP

Despite the outflows, the six XRP-focused funds tracked in the US have total assets of approximately $1.27 billion. The amount of XRP held in these products is approximately 1.16 billion.

When the XRP share of Bitwise 10 Crypto Index ETF, which invests in multiple cryptocurrencies, is added, the total amount reaches approximately 1.19 billion XRP, and the asset size reaches $1.30 billion. This amount corresponds to approximately 1.19% of the total supply of 100 billion XRP.

It is noteworthy that the platform’s last ten trading days show a net decrease in eight sessions. In contrast, the 6.40 million XRP increase recorded on October 29th stands out as one of the strongest inflow days in recent times.

Which Company Has the Largest XRP Portfolio?

Bitwise maintains its leadership in fund size. According to the company’s published portfolio data, there are approximately 406.77 million XRP. The Bitwise XRP ETF has reported net assets of approximately $444.7 million.

Franklin Templeton’s XRPZ fund holds approximately 310.43 million XRP. Thus, the total XRP holdings of these two products alone exceed 717 million.

Canary Capital’s portfolio statement as of today also includes approximately 242.54 million XRP. The market value of this portfolio, as disclosed by the company, is approximately $265.22 million.

These three funds comprise the largest portfolios among products that provide access to XRP via exchanges.

The decline in XRP price is also affecting the decrease in the total asset value of ETFs. Even if the amount of XRP held by the fund remains unchanged, the price decrease reduces the size of the portfolio in dollar terms.

XRP Insights makes this distinction by tracking flows based on the daily changes in XRP balances reported by the funds. Therefore, the reported figure of $9.93 million represents the approximate dollar equivalent of the net decrease in XRP holdings.