U.S. spot XRP exchange-traded funds (ETFs) recorded a net outflow of $3.28 million on Oct. 2, with combined assets dropping by about $37 million during the session according to data from Sosovalue. The outflow came entirely from the Bitwise XRP fund, while rival products reported zero net flows for the day.
Total net assets for spot XRP ETFs declined to $1.658 billion, down from $1.695 billion the previous day. The broader decline in assets was also driven by a drop in the underlying token's price, with XRP falling as low as $1.44 during the late U.S. session before trading between $1.47 and $1.49.
Lifetime Inflows and Underwater Positions
Cumulative net inflows into spot XRP ETFs stand at $1.791 billion. Because total assets rest at $1.658 billion, the aggregate capital invested in these products since their launch in late 2025 is currently about $133 million underwater.
Bitwise remains the largest fund by cumulative inflows at approximately $677 million, followed by Franklin Templeton’s XRPZ at $505 million and Canary’s XRPC at $490 million. Market observers note that as the largest and most liquid fund in the category, the Bitwise product frequently absorbs tactical inflows and outflows first.
Broader Market Movements
The recent price decline coincided with a broader crypto market reversal alongside bitcoin. Bitcoin retreated from around $87,220 to approximately $84,500 following a weak U.S. jobs report that indicated 29,000 new payrolls. XRP's session low occurred during the same four-hour window.
Despite the recent outflow, spot XRP ETFs experienced a strong stretch earlier, pulling in $75.6 million between Sept. 22 and Sept. 25 and closing September with $121.4 million in total inflows. However, social sentiment metrics showed XRP's bullish-to-bearish ratio falling to 0.67 on the day of the outflow.
