2026-01-08 20:27:38

XRP spot ETF experienced fund withdrawals on its first day of listing. According to flow data, the net outflow for the day was approximately $40.8 million, with the 21Shares TOXR fund having the largest redemption—$47.25 million, corresponding to about 21.66 million XRP tokens leaving the market. Although there was some rebound on the first day, over a longer period, the cumulative net inflow for this type of ETF remains around $1.2 billion, with total managed assets reaching $1.53 billion. From a market perspective, the fund fluctuations on the first day are likely due to short-term position rebalancing—institutions and large investors adjusting their holdings, which is common during the initial phase of a newly listed ETF. The subsequent trend still needs to be observed.

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CryptoHistoryClass

· 6h ago

ngl this is literally the 2017 ICO dump playbook. institutions pump the narrative, retail fomo in, then the real money exits before retail even finishes their coffee. seen this exact pattern like... three times now lol

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CompoundPersonality

· 01-08 22:33

First day dumping over 40 million, did institutions run away? Sounds pretty scary, but a close look at the 1.2 billion net inflow is the real story. --- It's another case of position rebalancing. This excuse is used every time a new ETF is launched. Is it the truth? --- TOXR redemption of over 47 million directly outperforms others, indicating that expectations for this wave of gains are quite divided. --- A management scale of 1.53 billion sounds substantial, but the real big funds are still on the sidelines; otherwise, the first day wouldn't be so frantic. --- I think, institutions are just shaking the market before building positions, shaking out the less tight-handed retail investors, then they can comfortably push the price up. --- It's common for ETFs to plunge on the first day of listing. The key is whether they can stabilize afterward; otherwise, it's just another form of harvesting retail investors.

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FarmToRiches

· 01-08 20:52

Running orders on the first day? The institutions are really in a hurry, adjusting their positions. Huh, only over 40 million has been withdrawn, which is nothing for a 1.5 billion scale. TOXR redemption is the fiercest, they really don't care. I bet five dollars this is the final test before harvesting the leeks. Wait, if that's the case, is the long-term net inflow still increasing? Then they must be very confident.

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gas_fee_therapist

· 01-08 20:49

Oh my, over 40 million ran away on the first day. What is going on? On the first day of ETF listing, there was a sell-off. Saying "position rebalancing"—isn't that just institutions harvesting retail investors? A net inflow of 1.2 billion sounds impressive, but it can't stop people from redeeming every day. This wave of XRP is a bit risky.

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MEVSandwich

· 01-08 20:47

Hmm... So much money ran out on the first day, and they still talk about rebalancing positions. It looks a bit uncertain to me. Major investors might not have figured it out yet; just get on the train first. But with a scale of 1.53 billion, at least there was no cold start. Whether ETF can retain people later depends on what happens next; it's still early. Will institutions really hold their positions obediently? That's the real question.

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MercilessHalal

· 01-08 20:29

It's the same old story, when isn't it "position rebalancing"? Institutions come in and can eat up retail investors, this routine is very familiar. 1.2 billion sounds big, but whether it's truly stable or not depends on what happens next. Let's wait and see, anyway, there's no way to run. 40.8 million withdrawn... Are institutions setting a trap for retail investors?

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ChainSherlockGirl

· 01-08 20:28

Oh wow, TOXR launched and immediately ran over 47 million. These big players really don’t hold back. Interestingly, they only made a small profit and are eager to exit. I bet five dollars that this is institutions "testing the waters." On-chain data shows we still have a net inflow of $1.2 billion, which indicates overall expectations aren’t that bad. But the operations on the first day... in my analysis, it’s just playing the "art of cutting leeks." Wait and see, this story isn’t over yet. Short-term position rebalancing, huh? Just listen to that. The real key is to keep monitoring the movements of those big wallet addresses.

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