Source: CryptoNewsNet
Original Title: XRP ETFs see $40M of outflows after eight-week run of inflows
Original Link:
U.S. spot XRP exchange-traded funds (ETFs) recorded their first net outflow day since listing in mid-November, ending what had been the cleanest inflow streak among major crypto funds.
The funds recorded outflows of $40.8 million on Jan. 7, according to data tracked by SoSoValue. The day’s performance marked a notable shift from nearly two months of uninterrupted gains that helped push cumulative inflows to $1.2 billion and total net assets to about $1.53 billion, roughly 1.16% of XRP’s market cap.
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XRP ETFs see $40M of outflows after eight-week run of inflows
Source: CryptoNewsNet Original Title: XRP ETFs see $40M of outflows after eight-week run of inflows Original Link: U.S. spot XRP exchange-traded funds (ETFs) recorded their first net outflow day since listing in mid-November, ending what had been the cleanest inflow streak among major crypto funds.
The funds recorded outflows of $40.8 million on Jan. 7, according to data tracked by SoSoValue. The day’s performance marked a notable shift from nearly two months of uninterrupted gains that helped push cumulative inflows to $1.2 billion and total net assets to about $1.53 billion, roughly 1.16% of XRP’s market cap.