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The XRP spot ETF market has experienced significant capital divergence. As of January 7th, Eastern Time, the total net outflow of XRP spot ETFs for the day reached $40.8 million, reflecting investors' differing attitudes towards this sector.
Specifically, the 21Shares' TOXR product had a net outflow of $47.25 million for the day, with a total net outflow of $8.18 million historically, indicating ongoing redemption pressure on this product. In contrast, Bitwise's XRP ETF saw a net inflow of $2.44 million for the day, with total net inflows accumulating to $288 million, forming a stark contrast.
Looking at the overall market size, the total net asset value of XRP spot ETFs is $1.53 billion, with XRP's net assets accounting for 1.16%. More notably, despite recent single-day net outflows, the historical cumulative net inflow remains high at $1.2 billion, indicating that this sector has maintained strong capital attraction since its launch. The divergence in capital flows may reflect investors' differentiated choices regarding product structures and management schemes.