Spot XRP exchange-traded funds logged net outflows of $3.58 million on August 5, marking the first redemption day for the products in four weeks, according to flow data tracked across crypto market analytics platforms.
The seven US-listed spot XRP ETFs had posted four consecutive days of net inflows from July 29 through August 3, accumulating fresh capital before the August 5 reversal. The products now hold approximately 1.46 percent of XRP's total circulating supply, according to holdings tracking data.
The August 5 outflow follows a steeper $7.29 million redemption on July 8, when spot XRP ETFs first saw material investor withdrawal after their approval by the Securities and Exchange Commission in July. The interval between the two outflow days roughly corresponds to a period of XRP price volatility and broader crypto market swings in early August.
Spot XRP ETFs arrived as a newer asset class within the broader institutional crypto product suite. The SEC had approved the first cohort of spot XRP ETFs in July, adding them to a growing lineup that includes spot Bitcoin and Ethereum ETFs launched in 2024. Unlike futures-based XRP products, spot ETFs hold the underlying token directly, making their inflow and outflow patterns a measure of institutional and retail demand shifts.
The four-day inflow streak preceding the August 5 outflow contrasts with the single-day reversal. Flow data for spot crypto ETFs typically tracks the total net value entering or leaving funds on a given trading day, with outflows indicating either profit-taking or a shift in allocation away from XRP exposure.
The 1.46 percent supply held by spot XRP ETFs remains modest relative to the token's market capitalization. Comparable spot Bitcoin and Ethereum ETF holdings represent substantially larger percentages of their respective supplies, though those products had months of head start before XRP ETFs launched.
The pace of inflows and outflows in spot XRP ETF flows has shown volatility week to week since their inception, with no clear trend toward sustained accumulation or redemption. Whether August 5 marks a reversal in the nascent products' trajectory or a normal consolidation day will become clearer as flow patterns extend into subsequent weeks. The number to watch is whether spot XRP ETFs can establish a positive net inflow week in the coming trading period, which would demonstrate renewed institutional appetite despite the August 5 pullback.
