Canary and Bitwise continued to rank among the largest holders, while Franklin and 21Shares also showed stable exposure.
A Volatile January for XRP ETFs
The positive Week 6 flows followed a volatile January.
In Week 5, XRP ETFs saw net outflows of nearly 31 million XRP, largely driven by heavy selling from Grayscale, which alone shed more than 53 million XRP during that period.
Week 4 also ended in net outflows, with about 21.3 million XRP leaving ETF products. Those weeks coincided with sharper declines in XRP’s market price and rising risk aversion across crypto markets.
Despite those withdrawals, total XRP locked across ETFs has remained relatively high, fluctuating between roughly 755 million and 808 million XRP over the past several weeks.
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