Bitwise XRP ETF posts US$3.58M outflow
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- Bitwise’s XRP (CRYPTO:XRP) ETF recorded a reported US$3.58 million redemption, ending a period of inflows.
- The outflow came as XRP traded in a volatile market and ETF flows remained mixed across crypto products.
- The reported redemption suggests some investors reduced exposure, though overall XRP ETF activity remains relatively small.
Bitwise’s XRP (CRYPTO:XRP) ETF recorded a reported US$3.58 million redemption, marking a shift from recent inflows.
The reported outflow came during a period of volatile trading for XRP and mixed investor activity across crypto investment products.
ETF redemptions occur when investors withdraw money, reducing the fund’s assets under management.
The reported US$3.58 million outflow remains small compared with larger Bitcoin (CRYPTO:BTC) ETF flows seen in the US market.
XRP ETF products are still developing, and daily flows can change significantly based on investor demand.
The report highlights continued interest in XRP investment products while showing that inflows and outflows remain uneven.
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