Markets· ★★★· bearish·

US spot XRP ETFs shed 2.96M XRP over three days; price sits 24.6% below estimated cost basis

  • —Combined holdings of six spot XRP ETFs and BITW fell by 2.96M XRP over three sessions
  • —Most of the decline came on Oct. 26, when about 2.7M XRP left the funds
  • —Holdings rose by 174,140 XRP on Oct. 28
  • —The six spot ETFs hold about 1.17B XRP, or roughly 1.19B including BITW
Why it matters: The estimated cost basis is not an investor P&L: ETF flows are driven by share creation and redemption, not just open-market selling.
#XRP
Source: TokenPost
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