XRP ETF Experiences $7.2M Outflow Amid Strong Rally

Bitwise's XRP-focused exchange-traded fund (ETF), XRP, experienced a significant outflow on September 3rd as investors withdrew $7.2 million from the fund.

This move reduced assets under management to approximately $483.6 million, with the latest redemption accounting for about 1.49% of AUM.

The related asset, XRP-USD, has been trading at $1.4068 after a robust three-month rally of 27.62%, signaling a notable bout of profit-taking rather than a wholesale exit.

Despite the ETF outflows, short-term charts still point bullish, with a one-day technical signal of Strong Buy.