XRP Spot ETF, 'Zero' Outflow for 4th Consecutive Day

▲ XRP

The XRP spot ETF has recorded cumulative net inflows of $1.51 billion, holding steady without net outflows for four consecutive trading days.

According to crypto media outlet U.Today on August 5 (local time), the U.S. XRP spot ETF recorded zero net inflows on August 4. Although new capital inflows halted, no investment capital exited, continuing the streak of no net outflows for the fourth consecutive trading day.

The XRP spot ETF saw inflows of $1.15 million on August 3, $7.69 million on July 31, $5.98 million on July 30, and $584,710 on July 29. The total amount injected before inflows stopped was approximately $15.4 million. The cumulative net inflow for the U.S. XRP spot ETF was tallied at $1.51 billion.

Total net assets were approximately $1 billion, accounting for about 1.49% of XRP's market capitalization. ETF trading volume decreased from $9.99 million on August 3 to $7.49 million on August 4. Trading also slowed compared to the approximately $10.3 million recorded on July 29.

Last week, the XRP spot ETF saw net inflows of $15 million. During the same period, the Bitcoin (BTC) spot ETF experienced outflows of $600,000, and the Solana (SOL) spot ETF recorded net outflows of $17 million. The Ethereum (ETH) spot ETF's net inflows amounted to only $400,000.

The largest product by assets under management is Bitwise's XRP spot ETF. Franklin's XRPZ manages approximately $258 million, and Canary Capital's XRPC manages approximately $250.2 million. 21Shares' TOXR and Grayscale's GXRP have assets under management of approximately $116.7 million and $59.4 million, respectively. The largest single-day net outflow since July was $7.29 million, recorded on July 8.

[Article Summary]

-The XRP spot ETF recorded zero net inflows on August 4 but avoided net outflows for four consecutive trading days.

-The cumulative net inflow for the U.S. XRP spot ETF is $1.51 billion, with total net assets of approximately $1 billion.

-Last week, the XRP spot ETF saw inflows of $15 million, while the Solana spot ETF experienced outflows of $17 million.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*