The first crack in US demand for spot XRP funds appeared in the weekly flow ledger. Over the October 12–16 trading week, the group of United States spot XRP exchange-traded funds recorded approximately $1.84 million in net withdrawals, according to the report, ending a streak of 13 consecutive weeks of inflows — the first net-negative for the cohort in roughly three months.

At the individual fund level, the report highlighted a redemption of about $2.47 million from Canary Capital's XRP product as the move that brought the inflow run to a close. Taken together, the two figures imply that the cohort's remaining funds collectively recorded roughly $630,000 in net creations that week — meaning the streak ended on a single sizable redemption rather than an across-the-board pullback.

Background: a young, closely watched fund cohort

Spot XRP exchange-traded funds offer US investors direct exposure to XRP, the native token of the XRP Ledger, a blockchain closely associated with payments company Ripple. The first US-listed spot XRP ETFs began trading in November 2025, and Canary Capital, a digital-asset asset management firm, was among the earliest issuers to bring such a product to market.

Weekly flow figures for US spot ETFs aggregate primary-market activity: inflows reflect net creations, in which new fund shares are issued to meet investor demand, while redemptions represent shares being withdrawn as investors exit positions. These figures therefore capture demand routed through the funds themselves rather than secondary-market trading on exchanges. Inflow streaks are widely read as a gauge of sustained demand for the underlying asset, and breaks in such patterns are closely watched by market participants — particularly for a cohort still in its first year of trading, where each weekly print adds to a limited public track record.

Measured purely in dollars, the October 12–16 outflow is modest — roughly $1.84 million across the entire cohort. Its significance lies in what it ended: a 13-week run of uninterrupted net infl for the group. Subsequent weekly flow reports will show whether the break stands as a one-week pause or develops into a lasting shift in primary-market demand for the funds.

This article was first published by COINOTAG on October 19, 2026. Original report: Canary Capital's $2.47 Million Redemption Ends XRP ETFs' 13-Week Inflow Streak