US XRP Spot ETFs Post $6.08M One-Day Outflow; TOXR, XRPZ Lead Withdrawals
US XRP spot ETFs recorded a combined net outflow of $6.08 million on March 12 (ET), according to SoSoValue. The largest single-day outflow came from 21Shares XRP ETF (TOXR) at $3.0891 million, widening its cumulative net outflow to $17.8894 million. Franklin XRP ETF (XRPZ) also saw a $2.9915 million one-day withdrawal but remains a net beneficiary with historical net inflows of about $322 million. As of publication, total assets under management for US XRP spot ETFs stood at $968 million, with an XRP net-asset ratio of 1.15% and cumulative net inflows of $1.208 billion. Earlier reporting (March 9) showed a larger combined outflow of $18.107 million led by Grayscale XRP Trust (GXRP) and XRPZ, with GXRP still showing a modest cumulative net inflow ($12.1 million) and XRPZ holding substantial historical inflows (~$325 million). Together, the reports indicate continued short-term redemptions concentrated in certain issuers while overall sector-level AUM and cumulative inflows remain sizable. This market information is provided for traders and does not constitute investment advice.
Bearish
The net outflows — including the $6.08M one-day withdrawal led by TOXR and XRPZ — point to short-term selling pressure on XRP-linked ETF holdings. Concentrated redemptions from specific issuers (TOXR, earlier GXRP) can force managers to sell underlying XRP or rebalance holdings, increasing supply pressure and potentially depressing XRP spot prices in the near term. That said, sector-level metrics (AUM near $968M and cumulative net inflows of ~$1.208B) indicate sustained institutional interest and capital already invested, which tempers the downside risk and suggests any price weakness could be limited or short-lived if inflows resume. For traders: expect heightened short-term volatility tied to ETF flows and issuer-specific moves; monitor daily ETF flow prints and on-chain transfer activity from custodial addresses for cues. Overall impact on XRP price is likely bearish short term but neutral-to-mildly supportive over longer horizons if cumulative inflows persist.