XRP ETFs hit a speed bump, but big investors aren’t dumping their tokens yet

A roughly $5.15 million outflow from US spot XRP exchange-traded products on Sept. 17 interrupted a $192 million inflow month. The reversal creates the first clean test of whether recent demand is cooling, yet the broader flow pattern still favors the buyers.Maketo's five-fund series remained about $10 million positive for the rolling week through Sept. 17. Its rolling month contained 16 inflow days and two outflow days, and Canary Capital's official fund table showed that only part of the daily reversal coincided with a confirmed contraction in shares.The base case is a narrow, one-session reset inside a positive trend. A broader multi-session wave that turns the weekly total negative would materially change that reading.The reversal was concentrated in two fundsMaketo's cumulative net-flow total declined from $1,715,570,157 on Sept. 16 to $1,710,416,747 on Sept. 17. The exact change was negative $5,153,410, displayed by the tracker as a rounded $5 million outflow.The tracker attributed about $1 million of redemptions to Canary's XRPC and about $4 million to 21Shares' TOXR. Bitwise's XRP fund, Franklin Templeton's XRPZ and Grayscale's GXRP were flat.FundSept. 17 flowIssuer-data st...