On March 6, 2026, the U.S. spot XRP ETF recorded a net outflow of $16.6 million, doubling the outflow of $6.15 million from the previous day. This consecutive redemption ended a six-day trend of inflows, making XRP the only major digital asset to show significant outflows in the latest weekly fund flow data.
Notably, the outflow amount on March 6 was $16.6 million, which represents an increase of approximately 170% compared to the $6.15 million outflow on March 5, rather than the 151% reported by some headlines. No major data sources confirm that the 151% calculation is accurate based on available evidence.
While this distinction may not be as critical as the direction of the outflows, the consecutive net selling over two trading days has broken the trend of gradual inflows accumulated over the previous week, with the outflow on March 6 significantly higher than the previous trading day.
According to James Butterfill, research director at CoinShares, XRP “is the only major asset showing significant outflows.” This independent weak performance is particularly notable as broader digital asset investment products continue to attract capital.
It is essential to distinguish between these two sets of data. SoSoValue's figures reflect the daily inflows of the U.S.-listed spot XRP ETF, while CoinShares covers a broader range of exchange-traded products globally, including trusts and funds, not limited to U.S. spot ETFs. Both point in the same direction regarding XRP's performance but measure different pools of capital.
Despite the alarms, the background information mitigates some of the concerns. After the redemptions on March 5 and 6, the cumulative historical net inflow of the U.S. spot XRP ETF still stands at $1.236 billion. The total outflow over the two days is approximately $23 million, accounting for less than 2% of the underlying amount.
In the latest market snapshot, XRP is trading close to $1.38, up 0.51% in the last 24 hours, with a market cap of approximately $84.7 billion and a daily trading volume nearing $2.35 billion. The price action has not collapsed due to the ETF redemptions.
The surge in outflows is a signal, not a final verdict. Even a strong round of redemptions does not confirm a structural reversal. What truly raises concerns is the subsequent situation: multiple consecutive net sell-offs reaching or exceeding the outflow levels of March 6, or a visible decline in assets managed by the ETF surpassing the overall market downturn.
The XRP ETF fund flow data in the coming days will be more critical than the past two days. If redemptions return to normal, March 6 will become a footnote; if they accelerate, it could mark the beginning of a trend worth close attention.