For the first time since their launch, US spot XRP exchange-traded funds have recorded a day of total net outflows, ending a 36-day streak without withdrawals.
Data from SoSoValue shows the five funds collectively recorded net outflows worth $40.8 million on Wednesday.
21Shares’ TOXR fund was solely responsible for the significant outflows, with a loss of $47.25 million.
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This was partially offset by small net inflows of around $2 million into the Canary, Bitwise, and Grayscale funds.
Prior to this change, the XRP ETF range had accumulated total net inflows of $1.25 billion since the debut of Canary's XRPC fund on November 13 last year.