XRP Spot ETFs Experience Significant Outflows Last Week

Last week, XRP spot ETFs saw a net outflow of $28.07 million during the trading days from March 9 to March 13, according to Odaily. The Franklin ETF XRPZ recorded the highest weekly net outflow of $7.4488 million, with its historical total net inflow reaching $322 million. Following closely, the Bitwise ETF XRP experienced a weekly net outflow of $7.4002 million, bringing its historical total net inflow to $370 million. As of the time of reporting, the total net asset value of XRP spot ETFs stands at $984 million, with an ETF net asset ratio of 1.15% compared to XRP's total market capitalization. The historical cumulative net inflow has reached $1.21 billion.