Key Takeaways
- Exchange-traded funds tracking XRP attracted $4.64 million on March 17, breaking an eight-session withdrawal pattern.
- The preceding eight-day period saw $56.82 million exit XRP ETF products.
- Aggregate net inflows increased from $1.2 billion to $1.21 billion following the latest injection.
- Bitwise’s XRP ETF was solely responsible for the entire $4.64 million daily inflow.
- Competing XRP spot ETF products showed no activity during the March 17 trading session.
Exchange-traded funds tracking XRP broke their longest withdrawal cycle with incoming capital on March 17. The investment vehicles attracted $4.64 million in fresh funds, halting a week-long negative trend. This reversal coincided with XRP price recording its first intraday decline since March 12.
Capital Returns to XRP ETF Market After Extended Drought
XRP-focused exchange-traded funds concluded their most prolonged period of investor withdrawals and registered new capital on March 17. Information from Sosovalue indicated the investment products secured $4.64 million in a single trading session. This represented the initial positive movement since March 4, effectively terminating eight consecutive sessions of capital flight. Throughout that negative stretch, these financial instruments experienced $56.82 million in redemptions. Such departures decreased total net inflows from $1.26 billion down to $1.2 billion. The recent capital injection elevated the cumulative figure to $1.21 billion.
Previously, XRP ETFs had successfully drawn $28.25 million during the period spanning Feb. 24 through March 4. Nevertheless, momentum shifted dramatically after March 4, wiping out those previous accumulations. The products subsequently experienced eight uninterrupted days of investor redemptions. Sosovalue’s tracking confirmed the pivot, noting, “XRP ETFs recorded $4.64 million in inflows on March 17.” Analysis revealed that a single fund generated the complete daily uptick.
The Bitwise XRP ETF (XRP) was responsible for the complete $4.64 million injection on March 17. Competing products registered zero activity during the identical timeframe. The Franklin XRP ETF (XRPZ), the Canary Capital XRP ETF (XRPC), the Grayscale XRP Trust ETF (GXRP), and the 21Shares XRP ETF (TOXR) demonstrated no capital movement. Previously, TOXR documented a $-5.98 million withdrawal on March 16. XRPZ similarly experienced a $-6.08 million redemption on March 12.
The eight-session withdrawal cycle completely negated gains accumulated during the preceding seven-day positive period. That earlier sequence had generated $28.25 million in inflows before investor sentiment reversed. Current aggregate net inflows total $1.21 billion. Sosovalue’s tracking emphasized that exclusively the Bitwise offering demonstrated activity on March 17. The remaining four spot XRP investment products maintained neutral positions throughout the session.
Digital Asset Registers First Intraday Decline in Nearly a Week
XRP’s market value shifted inversely on the identical day ETF products welcomed returning capital. The digital asset made an effort to surpass the $1.60 threshold on March 17 but was unsuccessful. Following that failed attempt, it registered its first intraday depreciation in six trading sessions. Prior to this downturn, XRP had accumulated seven positive sessions within an eight-day window. The upward momentum initiated after XRP declined to $1.32 on March 8.
From the March 8 bottom, XRP climbed 16.6% and touched $1.54. This rebound corresponded with broader cryptocurrency market appreciation. However, the trajectory reversed on March 17. The ETF capital inflow materialized on the same day the digital asset printed that daily depreciation. Sosovalue’s data captured a $4.64 million inflow on that particular date.
