U.S. spot XRP ETFs see first net outflow since July 8

U.S. spot XRP ETFs posted their first net outflow in about a month, with $3.58 million leaving the products on Aug. 5, The Crypto Basic reported. It was the first net outflow since July 8, led by the Bitwise XRP ETF. Despite the outflow, investor demand remains firm, the outlet said, adding that cumulative net inflows for spot XRP ETFs stand at $1.51 billion and total assets under management are $993.38 million.