XRP traded around $1.43 on Oct. 7, down 5.46% over 24 hours. Five tracked US spot XRP ETFs held an estimated $1.7 billion at the previous day's close, according to market data tracker Maketo.

The holdings total is accumulated exposure. The latest net flows were much smaller, and the ETF sector contained withdrawals as well as additions: Franklin and Canary recorded outflows on Oct. 6, even though the five funds collectively received net inflows. The exchange-wallet decline used to support a supply-squeeze story also includes a storage migration that left coins under the same exchange's control.

Maketo estimated that its five tracked funds held $1.7 billion, or about 1.13 billion XRP, at the Oct. 6 close . It values the coins at its own daily closing price and estimates some holdings when issuers do not publish a coin count.

Its flow data for the same date showed $3.14 million of aggregate net inflows. The past-week total was roughly $3.9 million, alongside $112 million over the past month. The weekly and monthly figures cover the tracker's trailing periods.

The rounded daily breakdown showed about $11 million entering Bitwise's fund. Franklin recorded roughly $4.1 million leaving, while Canary lost about $3.3 million. Grayscale and 21Shares were flat. Bitwise's additions outweighed withdrawals elsewhere, leaving the sector positive.

Canary's shares-outstanding table shows its share count moving from 23.35 million on Oct. 5 to 23.14 million on Oct. 6, consistent with net redemptions. That identifies a fund where exposure was being reduced, without naming the investors or showing where any underlying XRP changed hands.

There is also a distinction between investors selling ETF shares on an exchange and shares being redeemed from the fund. Individual shares trade in the market , while authorized participants handle creation and redemption units.

The exchange picture is also mixed. An Oct. 7 reading from ledger data tracker XRP Insights, taken at 08:00 UTC, counted 21.98 billion XRP in 699 publicly attributed wallets across 24 exchanges . That includes cold storage and some reserves backing wrapped tokens, so it is broader than readily tradable inventory.