US XRP, HYPE, and ZEC spot ETFs record a combined single-day
SoSoValue data shows that on November 2, US Eastern Time, US spot ETFs for XRP, HYPE, and ZEC recorded combined net outflows of 7.0217 million USD, with ZEC accounting for the largest outflow at 3.6324 million USD. For XRP, only Canary XRPC recorded an outflow; for HYPE, both funds were negative in tandem; the figures from the two sources are consistent, but neither lists fund-level detail for ZEC.
Event Timeline
- [11-03 03:21] US spot ETFs for XRP, HYPE, and ZEC recorded combined single-day net outflows of 7.0217 million USD (Odaily 星球日报)
- [11-03 03:22] US spot ETFs for XRP, HYPE, and ZEC recorded combined single-day net outflows of 7.0217 million USD (PANews)
Background and Impact
Both Odaily 星球日报 and PANews reported on November 3, 2026, citing SoSoValue data, that on November 2, US Eastern Time, US spot ETFs for XRP, HYPE, and ZEC recorded single-day net outflows of 529,500 USD, 2,859,800 USD, and 3,632,400 USD respectively, for combined net outflows of 7.0217 million USD. All three products recorded net outflows on the same day, and based on the figures provided in the materials, ZEC's outflow was the largest of the three.
On the XRP side, only the Canary XRP ETF (XRPC) recorded a net outflow that day, in the amount of 529,500 USD; the fund's historical cumulative net inflows stand at 485 million USD. As of press time, the total net asset value of XRP spot ETFs was 1.425 billion USD, the net asset ratio was 1.80%, and historical cumulative net inflows were 1.808 billion USD. In other words, all of XRP's outflow that day came from this single product.
On the HYPE side, the 21Shares Hyperliquid ETF (THYP) recorded the largest single-day net outflow at 1,450,200 USD, followed by the Bitwise Hyperliquid ETF (BHYP) with a single-day net outflow of 1,409,600 USD. Both materials record THYP's historical cumulative net inflows as 29.2875 million USD; as for BHYP's historical cumulative net inflows, the excerpted content in both reports cuts off before that figure is listed, so no complete value is given. On the ZEC side, the two materials provide only the combined net outflow of 3,632,400 USD, without listing the specific funds or their cumulative data. Judging by the figures available, the two sources are fully consistent on outflow amounts and XRP-related metrics, with no divergence in methodology; the only difference lies in the degree of completeness of certain details.
Looking at the scale relationships presented in the materials, the single-day combined outflow of 7.0217 million USD is not of the same order of magnitude as the 1.425 billion USD total net asset value or the 1.808 billion USD historical cumulative net inflows of XRP spot ETFs; the distribution of outflows across products and funds is also uneven, with HYPE's outflow concentrated in two products and XRP's concentrated in XRPC. It should be noted that ETF flow data reflects subscriptions and redemptions of US spot ETFs; in the Chinese-language search context, terms such as 火币HTX注册APP下载, 芝麻Gate.io注册APP下载, Bitget注册APP下载, 币安binance注册APP下载, and 欧易OKX注册APP下载 point to trading platform entry points and are not the same as the subscription and redemption mechanism of the aforementioned ETFs, so the two should not be conflated.
Frequently Asked Questions
### How large is the impact of this combined outflow on the overall scale of XRP spot ETFs?
The materials show that XRP recorded a single-day net outflow of 529,500 USD, while the total net asset value of XRP spot ETFs over the same period was 1.425 billion USD and historical cumulative net inflows were 1.808 billion USD. The outflow is relatively small compared with the overall scale, but single-day data does not represent the subsequent trend.
### Which funds specifically account for the outflows from HYPE spot ETFs?
The 21Shares Hyperliquid ETF (THYP) recorded the largest single-day net outflow at 1,450,200 USD; the Bitwise Hyperliquid ETF (BHYP) recorded a net outflow of 1,409,600 USD. The two funds together correspond to HYPE's single-day total net outflow of 2,859,800 USD.
### What information points should be watched going forward?
First, the single-day subscription and redemption data subsequently updated by SoSoValue, to see whether the outflows continue; second, fund-level detail for ZEC spot ETFs, since the two materials currently provide only the combined net outflow of 3,632,400 USD without listing specific products.