XRP ETFs Record $3.28M Outflow as Assets Drop $37M
Investors in XRP exchange-traded funds are $133 million underwater following a price dip and recent outflows.
XRP exchange-traded funds (ETFs) have recorded $3.28 million in net outflows amid a broader price decline for the underlying cryptocurrency, according to Pluang. The recent market downturn has significantly impacted the funds' total assets under management and investor positions.
Assets and Investor Losses
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The outflows coincided with a sharp drop in total assets, which fell by $37 million. Additionally, the price dip has left XRP ETF investors approximately $133 million underwater on their positions.
Key facts
- XRP ETFs experienced $3.28 million in net outflows.
- Total assets held by the funds decreased by $37 million.
- ETF investors are currently $133 million underwater.
- The losses and outflows occurred amid a decline in the price of XRP.
Source: news.google.com
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