US Spot XRP ETFs See $92.92M One‑Day Net Outflow, Grayscale Leads Outflows
US spot XRP ETFs recorded a combined net outflow of $92.92 million on Jan 29 (ET), according to SoSoValue via PANews. Grayscale’s GXRP drove the bulk of the movement with a single‑day net outflow of $98.39 million, leaving its cumulative net inflows at $136 million. Bitwise’s XRP ETF posted a $2.41 million net inflow for the day and has cumulative net inflows of $334 million. Total assets under management for XRP spot ETFs fell to $1.21 billion, with an XRP net asset ratio of 1.10% and cumulative net inflows across all XRP spot ETFs at $1.17 billion. Compared with an earlier report showing smaller outflows earlier in January, the latest data signal increased short‑term selling pressure into XRP‑linked products. Traders should watch ETF flows, on‑chain volume and price action closely for elevated volatility and potential short‑term trading opportunities. Keywords: XRP, spot ETF, ETF flows, Grayscale, Bitwise.
Bearish
A near‑$93M single‑day net outflow—driven largely by a $98.39M withdrawal from Grayscale’s GXRP—constitutes meaningful short‑term selling pressure on XRP exposure via ETFs. Large outflows from a major provider can trigger liquidation or rebalancing activity, increase supply available to the market, and amplify price declines in the near term. The presence of continued cumulative inflows at the product level (e.g., Bitwise and historical totals) suggests institutional interest remains, which can limit long‑term downside; however, the immediate effect is likely bearish due to liquidity shifts and potential forced selling. Traders should monitor ETF net flows, on‑chain transfer and exchange flow metrics, futures basis and funding rates, and spot price action for confirmation of further downside or a quick rebound driven by bargain hunting.