Spot XRP ETFs record first outflow after 36 days of gains

Source: PortaldoBitcoin Original Title: Spot XRP ETFs record first outflow after 36 positive days Original Link: Spot XRP ETFs listed in the United States recorded a net outflow of approximately US$ 40.8 million (R$ 219 million) on Wednesday (7), according to data from SoSoValue. It was the first day with a negative result after a sequence of 36 consecutive trading days of positive flows.

Although the amount draws attention, it represents less than 3% of the total of US$ 1.25 billion (R$ 6.7 billion) accumulated since the launch of these products in November, indicating a still limited impact from a structural point of view.

In the case of XRP, outflows are largely attributed to profit-taking after a recent strong appreciation. The cryptocurrency jumped from about US$ 1.80 to US$ 2.40 in just one week, a move that led investors to reduce exposure and crystallize gains.

This adjustment occurred amid a broader correction in the crypto market, reinforcing the view that the pressure was not specific to the asset but part of a natural rebalancing after the rally.

Despite the short-term pullback, XRP’s fundamentals remain relatively solid. On-chain indicators point to historically low levels of tokens held on exchanges, combined with high transaction volumes, signaling consistent underlying demand. Analysts assess that if positive flows for the ETFs resume, XRP could still test higher price levels, including the US$ 3 region.

In addition to XRP, other cryptocurrency ETFs also recorded significant outflows in the same period. Spot Bitcoin ETFs experienced a day of heavy redemptions, with net outflows close to US$ 486 million, led by funds from prominent financial institutions. Over the past two days, more than US$ 700 million left these products.

Meanwhile, Ethereum ETFs recorded outflows of about US$ 98.5 million, marking the first negative day of the year after an initial period of substantial inflows. The movement reflects a more cautious environment among investors, especially after Bitcoin’s recent surge and the subsequent reduction of leveraged positions.