XRP ETFs See Biggest Outflow Since March as Bitwise Records $7.29 Million Redemption

• XRP spot ETFs recorded a $7.29 million net outflow on July 8, ending weeks of stable investor fund activity overall.
• Bitwise absorbed the entire redemption while retaining approximately $494 million in cumulative net inflows, reflecting resilient long-term investor confidence.
• June inflows strengthened ETF demand despite January’s larger $93 million outflow, leaving cumulative sector inflows near $1.40 billion.

XRP spot exchange-traded funds recorded their largest single-day net outflow since March on July 8, ending a stretch of relatively stable investor activity. According to Coinglass data, the products posted a combined $7.29 million net redemption, with the entire withdrawal coming from the Bitwise XRP ETF.

Despite the outflow, the latest data has done little to change the sector’s broader trend. Bitwise still holds approximately $494 million in cumulative net inflows, showing that the recent redemption represents only a small share of the capital attracted since the fund launched.

The latest movement also interrupted a period of mostly positive or neutral fund activity. Although investors pulled money from the market on July 8, XRP spot ETFs had remained relatively resilient compared with other crypto investment products in recent sessions.

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Bitwise Outflow Ends Positive Run

The July 8 redemption followed two consecutive trading sessions with no net inflows or outflows. Those sessions suggested that investor positioning had stabilized after several weeks of active trading. Before that, XRP spot ETFs attracted $6.55 million in net inflows on July 2. That gain came one day after the products recorded a modest $1.86 million net outflow on July 1.

Investor demand strengthened further during the closing days of June. On June 29, XRP spot ETFs added $15.34 million in net inflows. Likewise, the funds attracted another $15.63 million on June 26, extending a period of sustained capital growth. Consequently, the latest outflow stands out because it interrupted that positive momentum.

Cumulative Inflows Stay Well Above Earlier Losses

The July 8 redemption remains far below the largest single-day outflow recorded in 2026. On January 29, XRP spot ETFs experienced a $93 million net redemption, marking the steepest daily capital withdrawal since the products entered the market. Compared with that earlier decline, the latest $7.29 million outflow represents only a small fraction of previous investor selling. According to Coinglass data, cumulative net inflows across all approved XRP spot ETFs remain close to $1.40 billion.

That data suggests institutional participation has remained positive despite periodic fluctuations in daily fund flows. Short-term inflows and outflows often reflect routine portfolio adjustments rather than lasting changes in investor sentiment. Moreover, the recent redemption has not erased the substantial capital that entered XRP spot ETFs over recent months. The products continue to hold strong cumulative inflows even as daily trading activity shifts with broader market conditions.

Conclusion

Although XRP spot ETFs recorded their biggest daily outflow since March, the broader investment outlook remains positive. Bitwise accounted for the entire $7.29 million redemption, while cumulative net inflows across the sector continue to hover near the $1.40 billion mark.

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