XRP ETFs record first weekly outflow in 13 weeks as on-chain payment volume drops 72.3%

U.S. spot XRP ETFs recorded their first weekly net outflow in three months during the October 12-16 period, ending a 13-week inflow streak. The outflow totaled approximately $1.84 million, driven by a $2.47 million redemption from Canary Capital's XRPC product. Concurrently, on-chain payment volume on the XRP Ledger fell to 119.5 million XRP on October 17, a 72.3% single-day drop well below the 30-day average.