Investors Tap the Brakes on Bitwise’s XRP ETF as Outflows Bite
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The Bitwise XRP ETF, XRP, saw fresh pressure on May 01, 2026, as it recorded outflows of $5,828,440, chipping away at sentiment toward XRP-linked products. With assets under management now at $310.44 million, the latest redemptions represent about 1.88% of the fund’s capital, a meaningful single-day swing for a niche crypto vehicle.
The related asset, XRP-USD, is currently trading at $1.3863, having shed roughly 14.4% over the past three months amid a broader cooling in altcoin risk appetite. Short-term momentum remains fragile, with a 1-day technical signal flashing Sell, suggesting traders continue to favor de-risking over bargain hunting in the XRP complex.
The combination of sizable ETF outflows and a negative technical backdrop underscores how quickly speculative capital can rotate out when price action fails to follow through on earlier rallies. Unless XRP’s price stabilizes and reverses its medium-term downtrend, XRP-focused products may struggle to attract sticky inflows, leaving market-makers to navigate thinner liquidity and potentially higher volatility around news catalysts.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.