XRP ETFs Post Record Outflow as Reserves Plummet

XRP spot ETFs saw a significant outflow of $5.15 million on Thursday, their largest since September 2.

This drop in inflows comes as exchange reserves for XRP have fallen to a seven-year low near 1.7 billion tokens.

Despite this, the fund remains up $9.60 million for the week and is on track for its tenth consecutive week of net inflows.

According to analyst Dark Defender, the fundamentals of the network are strong, with Ripple's dollar-pegged stablecoin RLUSD making up 88% of all stablecoin liquidity on the XRP Ledger.