XRP had its worst day on Wall Street

XRP-based funds experienced a capital outflow of USD 93 million.

The largest capital exodus was suffered by the ETF managed by Grayscale.

XRP has experienced a 2% drop in the last 24 hours.

The exchange-traded funds (ETFs) of the cryptocurrency XRP recorded their largest outflow of capital since their debut on Wall Street. This follows reporting a negative balance of 92.9 million dollars during yesterday's session, January 29.

The day was marked by a significant divergence among the issuers of these financial products. The outflows corresponded to a single ETF out of the five currently listed on the exchange since November. This is the Grayscale XRP Trust ETF (GXRP), which recorded a net outflow of 98 million dollars in a single day.

The movement of this ETF was partially mitigated by the performance of other competitors that maintained a positive balance. The Bitwise XRP ETF (XRP) captured 2.4 million dollars, followed by the Canary XRP ETF (XRPC) with an inflow of 2.1 million dollars. The Franklin XRP ETF (XRPZ) had a favorable balance of 972,000 dollars.

In the chart below, you can see, day by day, how the capital flows to and from the XRP ETFs have been.