Despite a $529,500 outflow from XRP spot exchange-traded funds during Nov. 2-6, cumulative net inflows across the group remained $1.81 billion in the latest reading.
Canary ETF’s XRPC accounted for the entire $529,500 weekly withdrawal. The 10:32 p.m. ET Nov. 8 reading (03:32 UTC Nov. 9), two days after the week ended, put combined net assets at $1.34 billion, or 1.80% of XRP’s market capitalization. The funds had $1.81 billion in cumulative net inflows, including $485 million for XRPC.
The weekly withdrawal and cumulative totals describe different time horizons: the first measures activity during Nov. 2-6, while the latter figures include earlier periods.
For the week ended Oct. 16, the funds logged a separate $1.84 million outflow, the first negative weekly reading after 13 consecutive weeks of inflows, as covered in EconoTimes' earlier report on the reversal.
