US $XRP ETFs began the new week with outflows. In the latest completed trading session, the net decline in $XRP holdings across the tracked funds was about 12 times the decrease recorded over the entire previous week.
Data from $XRP Insights show that funds’ combined $XRP balance fell by 9.54 million on Monday. The platform put the dollar value of that decrease at about $9.93 million. Across the previous week’s five trading sessions, the total net decrease was 812,500 $XRP.
So, outflows that were relatively modest last week picked up considerably on the new week’s first trading day.
Funds Still Hold Over 1 Billion $XRP
Even after the outflows, the six US funds focused on $XRP that are being tracked hold total assets of about $1.27 billion. They contain approximately 1.16 billion $XRP.
Including Bitwise’s stake in the 10 Crypto Index ETF, which invests in multiple cryptocurrencies, brings the total to about 1.19 billion $XRP, with assets of $1.30 billion. That represents approximately 1.19% of the total supply of 100 billion $XRP.
Notably, the platform’s data for the last ten trading sessions show net declines in eight of them. By contrast, the increase of 6.40 million $XRP on October 29th ranks among the strongest inflow days in recent times.
Which Company Holds the Largest $XRP Portfolio?
Bitwise remains the leader by fund size. Its published portfolio data show holdings of about 406.77 million $XRP. The Bitwise $XRP ETF has reported net assets of approximately $444.7 million.
Franklin Templeton’s XRPZ fund holds about 310.43 million $XRP. Together, the two products hold more than 717 million $XRP.
Canary Capital’s portfolio statement dated today also lists holdings of about 242.54 million $XRP. The company puts the portfolio’s market value at approximately $265.22 million.
These are the three largest portfolios among products that offer exchange-based access to $XRP.
The fall in the $XRP price is also lowering ETFs’ total asset value. Even if a fund’s $XRP holdings stay the same, a price drop reduces the portfolio’s value in dollar terms.
$XRP Insights distinguishes between these effects by tracking flows through the daily changes in $XRP balances reported by funds. Accordingly, the reported $9.93 million is the approximate dollar equivalent of the net decline in $XRP holdings.
*This is not investment advice.
Source: en.bitcoinsistemi.com. Adapted by NBTC.
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