US spot XRP exchange-traded funds recorded net outflows of about $10.42 million on Monday, November 9, according to SoSoValue data cited by crypto.news. Bitwise accounted for roughly $9.4 million, about 90% of the daily total, while Canary Capital’s XRPC saw $811,440 and 21Shares’ TOXR about $212,900 leave. Crypto.news described it as the largest single-day outflow since March, though it said the amount was less than 1% of the funds’ combined assets.
Outflows continued the next day. A KuCoin news flash, attributing the figure to a Cointelegraph post on X, put XRP ETF net outflows at $7.62 million on November 10. A separate report by ad-hoc-news.de said Grayscale’s GXRP accounted for $7.17 million of that day’s total, with Canary’s XRPC also seeing outflows. That fund-level split comes from a secondary source and was not checked against SoSoValue directly.
Adding the two daily totals gives about $18.04 million over the two sessions, a calculation based on the reported figures.
The moves follow weak demand earlier in the month. CoinAlertNews reported, citing SoSoValue, that XRP ETFs had roughly $530,000 of net outflows in the week ending November 6 and four sessions with no reportable flows. It also said October net inflows of nearly $19 million were among the weakest monthly totals for the products.
Crypto.news noted that XRP was trading near $1.06 as the outflows weighed on sentiment.
Track the market yourself with AiTraderView’s FREE tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings. Just create a FREE account and try them yourself!
Sources:
crypto.news: XRP price falls to $1.06 as ETF outflows and bearish momentum weigh
KuCoin News: Crypto ETF outflows reach $103.94M on November 10
ad-hoc-news.de: XRP’s Sell Side Takes the Spotlight as ETFs Bleed
⚠️ RISK WARNING & AI DISCLOSURE
- This information is generated by Artificial Intelligence (AI) and complex algorithms. While advanced, these systems can contain errors or inaccuracies and are for educational purposes only.
- Technical analysis provides no guarantees; this information is purely informative.
- All discussed scenarios are hypothetical and do not constitute predictions or expectations.
- Past performance is not an indicator of future results.
- This is not financial advice and is not intended as a call-to-action for the reader.
- No implicit direction is claimed, and no specific behavior of market participants is suggested.