Major Outflows Continue for Spot XRP ETFs

Spot XRP ETFs recorded their third consecutive day of net outflows on March 9, shedding $18.11 million in a single session as investors pulled back from altcoin-linked products across the board. The latest figures from SoSoValue show the pattern hardening into something more than a one-off dip, with XRP joined by Ethereum and Solana on the losing end while Bitcoin and Chainlink attracted fresh capital to start the week.

How Bad Have XRP ETF Outflows Been?

The March 9 figure was the steepest single-day loss yet in the current run. The outflow streak accelerated through the week, with losses mounting across four of the last five trading sessions. The week ending March 6 closed with a net outflow of $4.09 million, the first weekly outflow since late February. The daily breakdown tells a clear story:

• March 3: +$7.53 million
• March 4: +$4.19 million
• March 5: -$6.15 million
• March 6: -$16.62 million
• March 9: -$18.11 million

The slide started mid-week last week and deepened into the new one. Daily traded volume on March 9 came in at $9.84 million.

Despite the outflow streak, the cumulative picture since launch holds up. Total net inflows since the products debuted in November 2025 stand at $1.22 billion, with current AUM at $971.36 million. Canary's XRPC product leads on net assets at $267.87 million, followed by Bitwise at $263.69 million, with Franklin Templeton, 21Shares, and Grayscale rounding out the issuer field.

XRP itself traded between $1.36 and $1.39 during the period, consolidating within a $1.30 to $1.45 range. On-chain data shows that whale wallets are still accumulating, suggesting that various larger holders are buying the dip rather than joining the ETF redemptions.

Where Is the Money Going?

The contrast with Bitcoin is hard to ignore. BTC spot ETFs pulled in $167.03 million on March 9 alone, snapping a recent outflow streak and pushing cumulative inflows to $55.54 billion. Total AUM for Bitcoin ETFs now sits at $88.34 billion, representing 6.41% of Bitcoin's market cap. When institutional appetite for altcoins cools, BTC is where the capital goes.

Chainlink's spot ETF, which launched in December 2025, has maintained an unbroken inflow streak since its first trading day. It added $2 million on March 9, with cumulative net inflows now at $92.66 million and total net assets at $85.08 million. The product remains small relative to BTC or ETH, but its consistency stands out in a week when most of the altcoin ETF space is bleeding.

Ethereum and Solana are both in the same position as XRP. ETH spot ETFs shed $51.32 million on March 9, extending a three-day outflow streak. Despite the recent pressure, cumulative ETH ETF inflows stand at $11.58 billion with AUM at $11.53 billion. SOL spot ETFs lost $2.48 million on the day, also a three-day streak, with cumulative inflows at $955.50 million and AUM at $814.37 million.

Is This Rotation or Just Risk-Off?

The data points to selective capital movement rather than a broad exit from crypto ETF products. BTC inflows returning on March 9, while ETH, SOL, and XRP all post outflows, suggest investors are not leaving the asset class but tightening their exposure toward the most liquid products. Chainlink's steady inflow streak, small as it is in dollar terms, reflects continued appetite for exposure to oracle infrastructure even as broader sentiment pulls back.

For XRP ETFs, the near-term picture depends on whether the outflow pace levels off or continues to accelerate. A recovery in XRP's spot price would likely ease redemption pressure, but with altcoin ETFs broadly under pressure and BTC absorbing the available capital, a quick return to consistent inflows is far from certain.

Source:

• SoSoValue — Real-time XRP, BTC, ETH, SOL, and LINK spot ETF flow and AUM data used as primary source for all figures in this article