TechFlow News, May 4: According to SoSoValue data, XRP spot ETFs recorded a net outflow of $35,200 for the previous trading week (Eastern Time, April 27 to May 1).
The XRP spot ETF with the largest net outflow last week was the Bitwise XRP ETF, posting a weekly net outflow of $3.708 million. To date, the XRP spot ETFs’ cumulative net inflow stands at $422 million.
The XRP spot ETF with the largest net inflow last week was the Canary XRPC ETF, registering a weekly net inflow of $2.2018 million. To date, the XRPC ETF’s cumulative net inflow totals $424 million.
As of press time, the total net asset value (NAV) of XRP spot ETFs stands at $1.06 billion; the ETFs’ net asset ratio (i.e., their market capitalization as a percentage of XRP’s total market capitalization) is 1.24%, and their historical cumulative net inflow has reached $1.29 billion.
