U.S. spot XRP exchange-traded funds (ETFs) recorded their first net outflow day since listing in mid-November, ending what had been the cleanest inflow streak among major crypto funds.
The funds recorded outflows of $40.8 million on Jan. 7, according to data tracked by SoSoValue. The day’s performance marked a notable shift from nearly two months of uninterrupted gains that helped push cumulative inflows to $1.2 billion and total net assets to about $1.53 billion, roughly 1.16% of XRP’s market cap.
However, most XRP ETFs still posted small inflows or flat flows on the day. The negative print was driven almost entirely by 21Shares’ TOXR, which saw a $47.25 million redemption. Other issuers such as Canary, Bitwise and Grayscale remained modestly positive.
Total value traded across the complex stood at $33.74 million, suggesting activity but not panic.
The context matters because bitcoin and ether spot ETFs both saw outflow days shortly after they listed, meaning XRP’s run since November had been unusually clean.
That made the streak part of the narrative, with steady ETF demand cited as a key reason XRP outperformed in early 2026 even as broader markets stayed rangebound.
The first outflow does not necessarily signal a trend reversal, however. Single-fund redemptions can reflect portfolio rebalancing, tax and allocation adjustments, or market maker inventory management rather than a broad shift in investor appetite.
Still, the timing will be watched closely. XRP has rallied sharply into the new year and remains sensitive to flows, with traders increasingly using the daily ETF tape as a real-time read on whether demand is still absorbing supply or beginning to cool.
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