XRP Exchange Outflows Surge Ahead of 21Shares U.S. ETF Launch
The post XRP Exchange Outflows Surge Ahead of 21Shares U.S. ETF Launch appeared on BitcoinEthereumNews.com.
Massive Outflows Shake Exchanges XRP liquidity is undergoing significant changes as on-chain data reveals one of the largest synchronized drops across major exchanges. Nearly every top platform reported massive outflows, signaling potential shifts in user behavior and institutional strategies. Analysts note that the total XRP held on exchanges has fallen sharply, suggesting either large-scale withdrawals, migration to self-custody, or internal rebalancing. The total exchange-held XRP dropped to 15.86 billion, a decline of 6.5 billion XRP since February, representing a 29% decrease. Upbit experienced a 6.22 billion XRP outflow, while Binance saw 2.56 billion XRP leave the platform. Bithumb followed with 1.77 billion XRP withdrawn. Other major exchanges, including Uphold, eToro, Bybit, and Bitbank, reported roughly 50% balance drops. These figures suggest that users are increasingly moving assets off exchanges, possibly into personal wallets or cold storage solutions. Meanwhile, a few platforms bucked the trend, Evernorth gained 13.36%, Coincheck saw an influx of 550 million XRP, and OKX reported a striking 10,107% spike, likely due to address reclassification. Conversely, some exchanges faced extreme declines. Coinbase lost 99.97% of its XRP holdings since February, while KuCoin, Paribu, and SwissBorg recorded near-total exits. The widespread reduction in exchange balances highlights a possible reshuffling event that could have long-term implications for XRP liquidity and market dynamics. 21Shares XRP ETF Set to Trade on Monday This liquidity shift coincides with the upcoming launch of the 21Shares U.S. spot XRP ETF, set to trade under the ticker TOXR on Monday. The ETF will track the CME CF XRP-Dollar Reference Rate, allowing investors exposure to XRP’s spot price without holding the cryptocurrency directly. The U.S. market has seen a flurry of XRP ETF activity in recent days, including launches from Grayscale and Franklin Templeton. Early trading of these ETFs shows strong demand, with GXRP and XRPZ capturing…
