US spot
SoSoValue data shows that the pullback marked the primary every day reversal after XRP (XRP) ETFs steadily collected assets since mid-November 2025. The outflow day also followed a robust begin to the yr, with funds recording consecutive inflow days, bringing their cumulative net inflows to $1.2 billion.
The red day coincided with strong selling pressure in major crypto-related ETFs. Data from Farside Investors shows that spot Bitcoin (BTC) ETFs recorded $486 million in outflows on Wednesday, the most important day of net outflows since November. Spot Ether (ETH) ETFs also turned negative on Wednesday, recording $98 million in net outflows.
Despite the primary day of outflows, XRP ETFs are still among the many strongest performing cryptocurrency exchange traded products (ETPs), with total net assets still exceeding $1.5 billion.
Spot Bitcoin ETF flows in hundreds of thousands. Source: Farside Investors
As we enter 2026, crypto ETF flows have gotten patchy
On the primary trading days of the yr, ETF flows varied greatly by asset class. Spot BTC ETFs began January with significant inflows of $471 million on Friday and $697 million on Monday, before outflows of $243 million on Tuesday reversed and a sharper decline of $486 million occurred on Wednesday.
ETH spot ETFs recorded an identical pattern. The funds saw inflows of $174 million on Friday, $168 million on Monday and $114 million on Tuesday, before outflows of $98 million on Wednesday.
Smaller crypto ETFs have performed higher. Spot Solana ETFs (SOL) continued to draw capital, recording modest but consistent inflows in the primary few trading days of January.
Chainlink (LINK) ETFs switched to flat inflows on Wednesday after several days of modest inflows between $822,000 and $2.2 million.
Meanwhile, Dogecoin (DOGE) ETFs saw no net moves on Tuesday and Wednesday after starting the yr strong with inflows of $2.3 million and $1.6 million on Friday and Monday.
From one-sided inflows to normalization
Wednesday's outflow follows weeks of strong demand for XRP-linked ETF products. The ETFs also managed over $1 billion in assets, driven by investors' familiarity with the token and its performance. On December 19, Sui Chung, CEO of CF Benchmarks, said that XRP's long track record makes it easier to draw traditional investors.
The XRP ETF’s momentum continued through December. As of December 30, spot XRP ETFs recorded a 29-day uninterrupted inflow streak, while other crypto ETF products saw heavy monthly outflows as traders repositioned towards year-end.
XRP began 2026 as one in every of the highest performing major currencies, supported by its ETF inflows, bullish sentiment and falling forex balances. However, analysts warned that ETF inflows and sentiment are not any guarantee of sustained price increases.
The first day of drainage could possibly be a mirrored image of this transition. At the time of writing, XRP is trading at $2.12, down 7% within the last 24 hours.
