ProShares Ultra XRP ETF Faces Near-1% Outflow as Traders Sour on Leveraged Ripple Exposure
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The ProShares Ultra XRP ETF, UXRP, saw investors pull $659,589 on January 29, 2026, a move that shaved roughly 0.997% off its latest reported assets under management of $66.15 million. While modest in absolute dollar terms, the nearly 1% single-day redemption underscores growing investor caution toward leveraged exposure to XRP after a difficult quarter for the token.
The related asset, XRP-USD, is currently trading at $1.6981, having dropped about 30.7% over the past three months. Short-term price action remains under pressure, with the 1-day technical signal flashing Sell, a backdrop that likely contributed to the latest bout of outflows from UXRP as traders reduce risk or lock in remaining gains.
UXRP’s recent redemption suggests that, despite the product’s leveraged appeal in bull phases, investors are becoming more tactical as XRP’s momentum has weakened and technicals deteriorate. If selling pressure in XRP persists, leveraged funds tied to the token may continue to see choppy flows as market participants reassess their appetite for volatility.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.