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XRP ETFs see $10.42M outflows despite Ripple's banking growth efforts

Market News
10 Nov 2026, 14:40 WIB
Coinpaper
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Bearish
XRP ETFs see $10.42M outflows despite Ripple's banking growth efforts

US spot XRP ETFs experienced $10.42 million in net outflows on November 9, led by Bitwise's XRP ETF with $9.397 million withdrawn. This decline in demand occurred even as Ripple expanded its institutional banking and custody services, including federal trust bank approval and partnerships with BNY Mellon. The withdrawals highlight that Ripple's banking advancements have not yet translated into increased investor interest in XRP ETFs, especially amid XRP's price drop to around $1.10. These outflows may impact fund holdings but do not necessarily cause immediate sales on exchanges, reflecting ongoing challenges for XRP's market performance.

Despite Ripple's banking expansion, XRP on Pluang trades at Rp19,487 with a 1-day decline of 2.35% as of Nov 10, 2026 20:02 WIB. This price contrasts with the $1.10 level noted in the article, highlighting different currency contexts. XRP's market cap stands at Rp1.237,41 trillion, with 46% of Pluang orders selling and a typical hold time of 73 days, showing cautious investor behavior amid ETF outflows.

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