Five US spot XRP exchange-traded funds held an estimated $1.7 billion at the close of Oct. 6, but their recent inflows were modest and uneven. According to CryptoSlate, the funds recorded about $3.14 million in combined net inflows on Oct. 6 and roughly $3.9 million over the past week, despite withdrawals from Franklin Templeton’s fund and Canary Capital’s ETF.
The figures show the difference between an ETF sector’s accumulated assets and the fresh money entering or leaving it. The five tracked funds held approximately 1.13 billion XRP, based on data from market tracker Maketo. That total represents exposure built up over time, rather than the amount investors added during the latest reporting period.
Bitwise accounted for the largest reported daily addition, with about $11 million entering its fund. Franklin saw approximately $4.1 million in withdrawals, while Canary recorded about $3.3 million leaving the fund. Grayscale and 21Shares were effectively flat. Bitwise’s inflows were sufficient to leave the group with a positive result overall.
ETF flows point to selective demand
Canary’s reported share count also indicated a reduction in exposure. Its shares outstanding fell from 23.35 million on Oct. 5 to 23.14 million on Oct. 6, a move consistent with net redemptions. The data establish that the fund’s exposure declined, but they do not identify the investors involved or show where the underlying XRP went.
That distinction matters because ETF shares can change hands in the market without XRP necessarily leaving the fund. Creations and redemptions of ETF units are handled by authorized participants, while ordinary investors generally trade individual shares with one another. As a result, a decline in a fund’s share price or a change in trading activity does not by itself prove that the fund sold its underlying tokens.
Maketo’s trailing-period data showed about $112 million of net inflows over the past month. However, the much smaller weekly figure suggests that the pace of new money was not uniform. The data also show withdrawals within the sector, rather than a one-directional flow into every tracked product.
Exchange balances complicate the supply picture
XRP exchange balances provided another mixed signal. XRP Insights reported that 21.98 billion XRP sat in 699 publicly attributed wallets across 24 exchanges at 08:00 UTC on Oct. 7. The measure includes cold-storage wallets and some reserves connected with wrapped tokens, making it broader than immediately tradable exchange inventory.
Across the same wallets, balances declined by 26.5 million XRP over seven days, equivalent to 0.13%. Binance-attributed balances fell by 33 million XRP, while balances linked to Upbit increased by 11.5 million.
The monthly decline was far larger, at 1.63 billion XRP. XRP Insights said most of that change was linked to an Uphold storage migration into newer wallets outside the tracker’s monitored group. Excluding Uphold, the decline was 75 million XRP, or 0.54%.
This weakens a straightforward interpretation that the full monthly fall represents customers removing XRP from exchanges. Transfers between an exchange’s own storage wallets can reduce the balance visible to a tracker without changing who controls the coins. Similarly, XRP can be bought and sold inside pooled exchange accounts without changing the exchange’s total ledger balance.
The tracker also recorded a change in Ripple’s escrow activity on Oct. 1. One billion XRP was released from the cycle, while 700 million XRP was placed back into escrow. The remaining 300 million XRP left escrow, although that change in availability does not establish that the tokens were sold.
Futures trading dwarfs covered spot activity
Derivatives activity was considerably larger than the spot turnover captured by CoinGlass. At 14:29 UTC on Oct. 7, XRP futures turnover over the previous 24 hours was $3.97 billion, compared with $801.56 million in covered spot turnover. Open interest stood at $3.35 billion.
CoinGlass recorded XRP at $1.4308 at that time, down 5.46% over the rolling 24-hour period. Futures turnover was roughly five times the covered spot figure, but turnover measures gross trading activity and does not reveal whether sellers or buyers were dominant. The available data therefore do not establish whether futures traders drove the decline or responded to a move that had already begun.
Open interest represents outstanding long and short contracts. By itself, it cannot distinguish fresh leveraged positions from an unwinding of existing ones. Price, funding and liquidation data would need to be assessed together to determine whether a move reflected forced selling or new positioning.
Moneyiar market picture
Moneyiar market data at 09:28 on Oct. 8 put XRP at $1.4125617225, down 3.18% over 24 hours and 5.22% over seven days. JUST was priced at $0.1391015669, down 1.15% over 24 hours but up 3.84% over the week. Compound stood at $23.6781476083, up 1.4% over 24 hours and down 2.95% over seven days. OriginTrail traded at $0.4009871789, down 0.58% on the day and 15.64% over seven days.
The ETF holdings, exchange balances and derivatives figures point to different aspects of the XRP market. ETF assets remain substantial, but recent net additions were limited; exchange declines were partly affected by wallet reshuffling; and futures activity was much larger than the covered spot market. The available figures do not identify the dominant sellers behind XRP’s latest decline.
