Pray, allow me to impart the latest tidings from the realm of digital currency, where the fortunes of XRP have taken a turn most lamentable. Amidst the tempestuous seas of crypto market volatility, XRP finds itself once more in the throes of price correction, a circumstance that has not escaped the notice of its ETF-based progeny, which have suffered yet another day of considerable losses. One is compelled to wonder if the stars themselves are misaligned against this particular endeavor.
As the momentum wanes with all the predictability of a damp squib, SoSoValue has deigned to provide us with data of the utmost gravity. The spot XRP ETFs, it seems, have endured their most significant withdrawal of the month during their recent trading session on Friday. A day, one might add, that shall henceforth be remembered as a testament to the fickleness of financial fortunes.
XRP ETFs: A Withdrawal of $16.62 Million
Despite XRP’s brief resurgence, a rally as fleeting as a spring shower, institutions have remained as steadfast in their caution as a spinster guarding her dowry. They have, with all the alacrity of a cat stalking its prey, withdrawn a sum of $16.62 million across all XRP funds as of March 6, 2026. One can only imagine the consternation this must have caused among the more sanguine investors.
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These withdrawals occurred whilst XRP was mired in the red, suffering daily declines of approximately 3%. The weak momentum, alas, persists, with XRP plunging by 2.08% over the last 24 hours, trading at a mere $1.37 at the time of this composition. One is tempted to inquire if the gods of finance have forsaken XRP entirely.
While these withdrawals mark the most substantial outflow in over two months, the cumulative inflows into XRP spot ETFs remain robust, having collectively amassed $1.24 billion in total net inflows since their inception. A silver lining, perhaps, though one wonders if it shall prove sufficient to buoy the spirits of beleaguered investors.
21Shares Leads the Charge in Outflows
The data further reveals that these outflows were principally driven by withdrawals from the more prominent XRP funds. The 21Shares XRP ETF, in a display of financial drama, recorded the largest daily outflow of $10.60 million, closely followed by the Bitwise XRP ETF, which saw $3.65 million depart its coffers. The Grayscale XRP product, not to be outdone, experienced a withdrawal of $2.37 million.
Meanwhile, other funds exhibited all the animation of a still-life painting. The Canary XRP ETF and the Franklin XRP ETF both reported zero daily inflows, a clear indication that investors remain as cautious as a debutante at her first ball. One can scarcely blame them, given the mixed price action that has characterized the market of late.
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2026-03-07 17:06