The recent funding situation for XRP spot ETFs has experienced noticeable fluctuations. On January 7th, during U.S. Eastern Time, the XRP spot ETF in the United States saw a single-day net outflow of $40.8 million, and market performance was somewhat lukewarm. Among them, 21Shares TOXR contributed $47.25 million in outflows, and Bitwise XRP ETF also saw an outflow of $2.44 million. Despite this, the popularity of such products remains, and the total net asset value of XRP spot ETFs is currently stable at $1.53 billion.



It's not just XRP under pressure; the Solana spot ETF also experienced net outflows during the same period, with a single-day outflow of $1.97 million. This outflow was entirely from Bitwise BSOL. In comparison, the Solana ETF fund size is smaller, with a total net asset value of $1.08 billion. It is evident that the market's attitude towards these two mainstream coins is somewhat cautious at this stage.
XRP-0,23%
SOL-0,14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
0xSherlockvip
· 01-08 14:35
Large funds are running, it depends on how the rebound goes later --- Is XRP flowing out again? This market trend is really cold --- 1.5 billion scale is quite stable, not as panic as expected --- Only 2 million outflow from SOL's ETF, not a big deal at all --- Market caution is just caution, anyway I am optimistic in the long term --- Over 40 million outflow indicates those who need to cut losses have already done so --- Bitwise's two ETFs are both contributing to outflows, interesting --- The downturn might actually be a good time to build positions --- The current purchases are all based on true conviction; paper hands have already run away --- The SOL ETF scale of 1.08 billion is still a bit too small
View OriginalReply0
LightningWalletvip
· 01-08 06:46
Starting to cut losses again, this wave is really cold --- XRP only stabilized at a 1.5 billion scale, but it was cut by over 40 million in one day... --- SOL is also running, it seems that big funds are indeed scared --- Wait, is this clearing out positions or shaking out the market? I can't quite understand --- January's market trend, still so turbulent --- 15.3 billion in scale sounds quite large, but the outflow speed... is a bit unsustainable --- Bitwise is also offloading, I'm used to this routine already --- Two mainstream coins running together, is there really a problem or is it just like this --- People entering now are probably just bagholders --- The capital flow fluctuates like this, it seems institutions are also not optimistic
View OriginalReply0
BuyHighSellLowvip
· 01-08 06:41
Here we go again, time to cut the leeks, this time it's XRP and SOL --- $40 million outflow? Damn, I just added to my position yesterday... --- Look at this data... Should we unite to buy the dip? --- SOL outflow is so small, does that mean no one is paying attention? --- It's always like this, outflow = buy-the-dip signal, right everyone? --- With a scale of 1.53 billion, and still claiming to be hot? Laughing to death, this is just taking over the positions --- Large investors are dumping again, I bet the next rebound will be fierce --- XRP is still holding steady, not bad at this scale, but Solana is a bit miserable --- A true reflection of the bear market, the speed of跑路 (跑路 means "running away" or "exit") is ten times faster than when it came --- Outflow is outflow, anyway I already cut my losses hahaha
View OriginalReply0
StablecoinAnxietyvip
· 01-08 06:41
I'm here watching the outflow data alone, why does it feel like the market is all cutting losses? XRP this wave 40.8 million in one day, how many people are giving up... SOL is also following the trend and flowing out. Really, are mainstream coins this resistant to declines now? The 1.5 billion XRP ETF can still hold, but this pace is a bit frightening. It's one thing for prices to fall, but watching big players exit openly... Wait, it's only early January, do I really need to start worrying? Honestly, the hardest part is during times like these, wanting to buy the dip but also fearing further drops...
View OriginalReply0
TradFiRefugeevip
· 01-08 06:34
Oh my, XRP is starting to cut leeks again, over $40 million has run away... ETFs can't save it either, it seems everyone has really chickened out. Why is SOL still following the trend? No one really believes in this move anymore. Wait, a $1.5 billion scale is still "stable"? Is this what you call stability? Where are the institutional investors who promised to buy the dip? Where have all the people gone?
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)