TL;DR
- U.S. spot XRP ETFs recorded $1.84 million in weekly net outflows, ending 13 consecutive weeks of inflows while cumulative net inflows remained near $1.8 billion.
- A $2.47 million Friday redemption from Canary Capital’s XRPC pushed the October 12–16 week into negative territory after a $740,000 Wednesday inflow.
- XRP Ledger payment volume fell 72.3% to 119.5 million XRP, but one weak session does not establish a structural network decline.
U.S. spot XRP ETFs recorded their first weekly net outflow in three months, ending a 13-week run of positive flows. SoSoValue data show the funds lost $1.84 million during the October 12–16 week, while cumulative net inflows remained near $1.8 billion. The reversal followed a largely flat start to the week and a $740,000 inflow on Wednesday. For investors following XRP, the negative week marks a break in institutional momentum, but the scale of withdrawals remains small relative to cumulative inflows.
Friday Redemption Pushes XRP ETFs Into Negative Territory
Friday’s $2.47 million redemption pushed the weekly total below zero, with Canary Capital’s XRPC accounting for most of the withdrawal. Without that move, the group would have finished the week with roughly $630,000 in net inflows. The result followed the previous week’s $11.31 million positive flow, which had extended the streak to 13 consecutive weeks. That sequence adds context to recent XRP ETF inflows despite token weakness. One concentrated redemption ended the streak, rather than a broad wave of withdrawals across every listed XRP fund.
The ETF reversal arrived alongside weaker activity on the XRP Ledger. Payment volume fell to 119.5 million XRP on October 17, a 72.3% single-day decline and well below the 30-day average of 629.3 million XRP. The metric has historically been volatile, with sharp spikes followed by pullbacks, so one weak session does not establish a structural decline in network usage. The softer reading nevertheless adds another data point to recent concerns around XRP market positioning and ETF investor losses. ETF flows and onchain payment volume measure different behavior, so their simultaneous decline should not be treated as proof of a single underlying cause.
The broader ETF picture remains stronger than one negative week suggests. Cumulative net inflows were still close to $1.8 billion in mid-October, reflecting months of demand for regulated XRP exposure. Earlier data showed funds continuing to attract capital even while the token itself weakened, underscoring that ETF flows and spot-price performance can diverge. Recent XRP ETF resilience versus Bitcoin and Ether products also showed how institutional allocation can shift across crypto assets. The first weekly outflow since the streak began signals cooling demand at the margin, but it does not by itself establish a lasting reversal in institutional interest overall.