U.S. spot XRP exchange-traded funds recorded their first day of net outflows since launch, ending a multi-week inflow streak that had attracted more than $1 billion into the products.
Data from SoSoValue showed that around $40.8 million flowed out of XRP ETFs on Wednesday, marking the first daily reversal since the funds began accumulating assets in mid-November 2025. The pullback came after a strong start to the year, with consecutive inflow days pushing cumulative net inflows to roughly $1.2 billion.
The outflows coincided with broader selling pressure across major crypto-linked ETFs. According to Farside Investors, spot Bitcoin ETFs posted $486 million in net outflows on Wednesday, their largest single-day withdrawal since November. Spot Ether ETFs also turned negative, recording $98 million in net outflows on the same day.
Despite the setback, XRP ETFs remain among the strongest-performing crypto exchange-traded products. Total net assets are still above $1.5 billion, highlighting sustained investor interest despite the first outflow day.
Crypto ETF flows turn mixed at the start of 2026
ETF flows have diverged sharply across digital assets in the opening days of 2026. Spot Bitcoin ETFs began January with strong inflows of $471 million on Friday and $697 million on Monday, before reversing to $243 million in outflows on Tuesday and a deeper $486 million drawdown on Wednesday.
A similar pattern emerged in Ether ETFs. The funds attracted $174 million on Friday, $168 million on Monday and $114 million on Tuesday, before flipping to $98 million in outflows midweek.
Smaller crypto ETFs have shown greater resilience. Spot Solana ETFs continued to post modest but steady inflows during the first trading sessions of January. Chainlink ETFs moved to flat flows on Wednesday after several days of small inflows, while Dogecoin ETFs saw no net movement on Tuesday and Wednesday following early-January inflows.
From uninterrupted inflows to normalization
The first outflow day follows weeks of strong demand for XRP-linked ETFs, which recently surpassed $1 billion in assets under management. Market participants have pointed to investor familiarity with XRP and its long performance history as key drivers of interest. In December, CF Benchmarks CEO Sui Chung noted that XRP’s established track record made it easier to attract traditional investors.
XRP ETF momentum remained strong through December, with the products posting a 29-day inflow streak by the end of the month, even as other crypto ETFs experienced outflows due to year-end portfolio adjustments.
Entering 2026, XRP ranked among the best-performing major cryptocurrencies, supported by ETF inflows, positive sentiment and declining exchange balances. However, analysts cautioned that strong flows do not guarantee sustained price gains. The first day of outflows may signal a shift toward more normalized trading conditions. At the time of writing, XRP was trading near $2.12, down about 7% over the past 24 hours.
