U.S. spot XRP ETFs ended Nov. 2–6 without a single day of net inflows. Canary’s XRPC recorded a $529,500 outflow on Monday, followed by four sessions with no net flow. That makes the week’s reported total a small net outflow—not a week with zero movement throughout.
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The flow pause came as XRP fell roughly 7% over the week to about $1.16. ETF net assets declined to around $1.34 billion, while cumulative net inflows remained near $1.81 billion. Those figures describe different things: flows track net money entering or leaving funds, while assets also change with the market value of the XRP they hold.
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A small outflow, then four flat sessions
Canary’s fund was the only one reported to move on Nov. 2, posting the $529,500 outflow. Funds then recorded zero net flows from Nov. 3 through Nov. 6. So the clearest reading is that new net demand paused; the figures do not show a large wave of ETF redemptions during those four flat sessions.
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Net assets fell from about $1.425 billion to $1.34 billion over the week—a decline of roughly $85 million, or 6%. The reported $529,500 outflow is small beside that change. Reporting described the asset decline as occurring alongside XRP’s falling price while flows stayed flat, so the change in fund assets should not be read as an equivalent amount of investor withdrawals.
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Likewise, cumulative inflows near $1.81 billion are not a measure of current asset value. Cumulative inflows can remain broadly unchanged even while the market value of fund holdings falls.
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October had stronger, but uneven, inflows
The November lull followed a positive October. XRP ETFs recorded about $18.8 million in net inflows for the month, compared with $121.4 million in September. That is a roughly 85% month-over-month decline in inflows, even though October remained positive overall.
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Buying was concentrated on some days: XRP ETFs took in about $8.43 million on Oct. 29. For the week ending Oct. 30, they recorded $4.32 million in net inflows. In the same period, Bitcoin and Ethereum ETFs together lost about $633 million, making XRP funds a relative outlier—but the later flat sessions show that October’s resilience did not continue into the first week of November.
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Bitcoin ETFs also faced a sharp weekly outflow in the subsequent market downturn: reporting put the total at $1.28 billion and described it as the largest since June. That broader weakness provides context, but it does not change what XRP’s own flow figures say: no net-inflow days during Nov. 2–6.
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Binance withdrawals are a separate signal
On Nov. 4, 418.5 million XRP reportedly left Binance, valued at nearly $540 million and described as the exchange’s largest single-day XRP outflow in nine months. The figure was higher than the 315 million XRP withdrawn on Oct. 29, the day of the reported Binance breach.
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Those exchange movements do not establish that investors made fresh XRP purchases: a transfer away from an exchange is not the same measure as a net creation of ETF shares. The reported breach estimates also vary; Elliptic put the stolen cryptoassets at $6.43 billion, while Binance estimated the impact at about $6.3 billion.
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Separately, wallets holding at least 1 million XRP reached a 2026 high, according to Santiment. The firm described the increase as a possible sign of accumulation, not proof of new buyers or confirmed demand.
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What the figures do—and don’t—show
The data show a pause in ETF net inflows, not a large weekly redemption event: one modest Monday outflow was followed by four days with no net flow. Meanwhile, the fall in XRP’s price coincided with lower ETF assets, despite cumulative inflows holding near $1.81 billion. The comparison is a reminder that cumulative fund demand, daily flows, asset values, and exchange-wallet movements measure different parts of the market—and none alone confirms a price direction.
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