US XRP Spot ETFs Log Sharp Monday Outflow After a Week of Modest Withdrawals
Key Takeaways
- •Monday's outflow from US spot XRP ETFs totaled 9.54 million tokens, valued at approximately $9.93 million, about 12 times the previous week's combined net decrease of 812,500 XRP.
- •The six tracked XRP-focused US funds hold roughly 1.16 billion XRP worth about $1.27 billion, rising to approximately 1.19 billion tokens, or 1.19% of total supply, when the Bitwise 10 Crypto Index ETF's share is included.
- •Eight of the last ten trading sessions recorded net balance decreases, with October 29's increase of 6.40 million XRP standing as the standout exception.
- •Bitwise leads with roughly 406.77 million XRP (about $444.7 million in net assets), followed by Franklin Templeton's XRPZ at approximately 310.43 million tokens and Canary Capital at about 242.54 million XRP (roughly $265.22 million), together holding around 960 million tokens.
- •Falling XRP prices shrink ETF portfolio values in dollar terms even when token holdings are unchanged, which is why $XRP Insights measures flows through daily changes in reported XRP balances.
Spot XRP ETFs in the United States opened the new trading week with an outflow, and Monday's withdrawal was roughly 12 times larger than the net decrease recorded across the entire previous week.
According to $XRP Insights data, the total $XRP balance of the tracked funds fell by 9.54 million tokens in the last completed trading session, which the platform valued at approximately $9.93 million. By comparison, the combined net decrease over the five trading days of the prior week was just 812,500 $XRP. Outflows that had remained relatively limited last week therefore accelerated significantly on the first trading day of the new week. ETF shares are created and redeemed against the tokens a fund holds, which is why daily balance changes published by the funds serve as a directly observable gauge of net movement through these regulated vehicles.
Funds Still Hold Over 1 Billion $XRP
Despite the withdrawal, the six $XRP-focused funds tracked in the US hold total assets of approximately $1.27 billion, including roughly 1.16 billion $XRP.
When the $XRP share of the Bitwise 10 Crypto Index ETF, which invests in multiple cryptocurrencies, is added, the total rises to approximately 1.19 billion $XRP, with asset size reaching $1.30 billion. That amount corresponds to approximately 1.19% of the total supply of 100 billion $XRP, and each net inflow or outflow directly moves the share of that supply held in these fund wrappers.
The recent flow record remains predominantly negative: the platform's data for the last ten trading days shows a net decrease in eight sessions. The standout exception came on October 29, when holdings increased by 6.40 million $XRP — one of the strongest inflow days in recent times. Upcoming daily balance disclosures will show whether Monday's step-up in outflows carries into the rest of the week.
Which Company Has the Largest $XRP Portfolio?
Bitwise maintains its leadership in fund size. According to the company's published portfolio data, its $XRP ETF holds approximately 406.77 million $XRP, with reported net assets of approximately $444.7 million.
Franklin Templeton's XRPZ fund holds approximately 310.43 million $XRP, meaning the two products together account for more than 717 million tokens.
Canary Capital's portfolio statement as of today also includes approximately 242.54 million $XRP, with a market value the company disclosed at approximately $265.22 million. These three funds comprise the largest portfolios among products that provide access to $XRP via exchanges. Together they hold roughly 960 million tokens, the bulk of the roughly 1.16 billion $XRP across the six tracked funds.
The decline in the $XRP price is also weighing on the total asset value of the ETFs. Even if the amount of $XRP held by a fund remains unchanged, a falling price reduces the size of its portfolio in dollar terms. $XRP Insights makes this distinction by tracking flows based on the daily changes in $XRP balances reported by the funds. As a result, the reported figure of $9.93 million represents the approximate dollar equivalent of the net decrease in $XRP holdings.
This is not investment advice.
