XRP Spot ETFs Experience Significant Outflows

According to PANews, data from SoSoValue indicates that on March 12, XRP spot ETFs saw a total net outflow of $6.08 million. The largest outflow was from the 21Shares XRP ETF (TOXR), which recorded a single-day net outflow of $3.09 million, bringing its historical total net outflow to $17.89 million. The Franklin XRP ETF (XRPZ) followed with a net outflow of $2.99 million, while its historical total net inflow stands at $322 million. As of the latest report, the total net asset value of XRP spot ETFs is $968 million, with an XRP net asset ratio of 1.15%. The historical cumulative net inflow has reached $1.208 billion.