XRP-linked products face growing caution as 21Shares ETF sees fresh outflows

The 21Shares XRP ETF, ticker TOXR, has experienced significant outflows of $1.315 million on April 2, 2026, reducing its assets under management to $141.45 million. This latest redemption is a notable single-day pullback that underscores investors' growing caution towards XRP-linked products.

The related asset, XRP-USD, has been trading at $1.3114 after experiencing a substantial decline of approximately 38.8% over the past three months. Short-term momentum remains weak, with the 1-day technical signal indicating a sell trend, which may have contributed to TOXR's latest bout of outflows.

The combination of sustained price pressure in XRP and a steady drumbeat of redemptions suggests that some holders are locking in gains from earlier rallies or cutting risk amid broader crypto volatility. Unless the token's technicals stabilize, XRP-focused ETFs like TOXR may continue to experience choppy flows as traders favor more diversified or less volatile digital asset exposure.