TLDR
- XRP ETFs recorded $4.64 million in inflows on March 17 after eight consecutive days of outflows.
- The eight-day outflow streak resulted in $56.82 million leaving XRP ETF products.
- The latest inflow pushed cumulative net inflows from $1.2 billion to $1.21 billion.
- The Bitwise XRP ETF accounted for the entire $4.64 million inflow on the day.
- Other XRP spot ETFs reported zero flows during the March 17 session.
XRP ETFs ended an eight-day outflow streak with fresh capital on March 17. The products added $4.64 million in daily inflows, reversing a week of losses. The shift came as XRP price posted its first daily decline since March 12.
XRP ETFs End Eight-Day Outflow Streak
XRP ETFs halted their longest outflow stretch since launch and posted fresh inflows on March 17. Data from Sosovalue showed the funds added $4.64 million in one day. This marked the first positive flow since March 4 and ended eight straight sessions without inflows. During the prior period, the products recorded $56.82 million in outflows. Those losses reduced cumulative net inflows from $1.26 billion to $1.2 billion. The latest addition lifted the total back to $1.21 billion.
Earlier, XRP ETFs attracted $28.25 million between Feb. 24 and March 4. However, the trend reversed after March 4, erasing those earlier gains. The funds then posted eight consecutive days of capital withdrawals. Sosovalue data confirmed the turnaround and stated, “XRP ETFs recorded $4.64 million in inflows on March 17.” The data showed that one fund drove the entire daily increase.
The Bitwise XRP ETF (XRP) accounted for the full $4.64 million inflow on March 17. Other products posted zero flows on the same day. The Franklin XRP ETF (XRPZ), the Canary Capital XRP ETF (XRPC), the Grayscale XRP Trust ETF (GXRP), and the 21Shares XRP ETF (TOXR) showed no movement. Earlier, TOXR logged a $-5.98 million outflow on March 16. XRPZ also recorded a $-6.08 million outflow on March 12.
The eight-day outflow streak erased all gains from the prior seven-day inflow run. That earlier stretch pulled in $28.25 million before the trend changed. The cumulative total net inflow now stands at $1.21 billion. Sosovalue data highlighted that only the Bitwise product reported activity on March 17. The other four spot XRP funds remained flat for the session.
XRP Price Records First Daily Loss Since March 12
XRP price moved in the opposite direction on the same day ETFs recorded inflows. The asset attempted to reclaim $1.60 on March 17 but failed. It then posted its first intraday loss in six days. Before this decline, XRP logged seven gains in eight days. The rally started after XRP dropped to $1.32 on March 8.
From the March 8 low, XRP advanced 16.6% and reached $1.54. The recovery aligned with broader crypto market gains. However, the price reversed course on March 17. The ETF inflow occurred on the same day the asset printed that daily loss. Sosovalue recorded a $4.64 million inflow on that date.
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