US spot XRP ETFs see $10.42 million net outflow led by Bitwise

US spot XRP exchange-traded funds recorded net outflows totaling $10.42 million on November 9, signaling declining investor interest in these products. The withdrawals occurred as Ripple , the company behind the XRP token, continues to expand its presence in the institutional banking and custody sectors. On November 9, Bitwise’s spot XRP ETF accounted for the vast majority of outflows, withdrawing $9.397 million. Canary Capital’s XRPC fund followed with $811,400 in redemptions, while 21Shares’ TOXR fund also registered smaller declines. The latest reduction comes after a period during which US spot XRP ETFs saw little movement, with several consecutive sessions marked by stagnant flows. Bitwise Institutional Asset Management LLC, a major US digital asset investment firm, has historically attracted the most capital among US spot XRP products.

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