US spot XRP exchange-traded funds (ETFs) posted their first day of net outflows since launching, with roughly $40.8 million withdrawn on Wednesday, snapping a multi-week streak of consistent inflows.
Data from SoSoValue shows the pullback marked the first daily reversal after XRP ETFs steadily attracted capital from mid-November 2025. The outflows came despite a strong start to the year, during which the funds recorded back-to-back inflow days, lifting cumulative net inflows to about $1.2 billion.
The outflow day coincided with broader selling pressure across crypto-linked ETFs. According to Farside Investors, spot Bitcoin ETFs saw $486 million in net outflows on Wednesday — their largest single-day withdrawal since November. Spot Ether ETFs also turned negative, logging $98 million in net outflows.
Even with the setback, XRP ETFs remain among the top-performing crypto exchange-traded products, with total net assets still exceeding $1.5 billion.
Crypto ETF flows turn mixed at the start of 2026
ETF flows have diverged notably by asset class in the opening trading days of 2026. Spot Bitcoin ETFs began January with strong inflows of $471 million on Jan. 2 and $697 million on Monday, before reversing course with $243 million in outflows on Tuesday, followed by a larger $486 million withdrawal on Wednesday.
Spot Ether ETFs followed a similar trajectory, recording inflows of $174 million on Jan. 2, $168 million on Monday, and $114 million on Tuesday, before flipping to $98 million in net outflows on Wednesday.
Smaller crypto ETFs, however, have shown more resilience. Spot Solana ETFs continued to attract capital, posting modest but steady inflows during the first trading days of January. Chainlink ETFs moved to flat flows on Wednesday after several days of inflows ranging between $822,000 and $2.2 million. Dogecoin ETFs also saw no net movement on Tuesday and Wednesday, following a strong start to the year with inflows of $2.3 million on Jan. 2 and $1.6 million on Monday.
From one-way inflows to normalization
Wednesday’s outflow marked a shift after weeks of strong demand for XRP-linked ETFs, which had pushed assets under management above $1 billion. That demand was largely attributed to investor familiarity with XRP and its historical performance. CF Benchmarks CEO Sui Chung noted on Dec. 19 that XRP’s long track record made it more accessible to traditional investors.
XRP ETF momentum carried through December, with spot XRP ETFs posting a 29-day inflow streak by Dec. 30, even as other crypto ETFs experienced notable monthly outflows due to year-end portfolio rebalancing.
Entering 2026, XRP was among the top-performing major cryptocurrencies, supported by ETF inflows, positive sentiment, and falling exchange balances. Still, analysts cautioned that ETF demand and sentiment alone do not ensure sustained price gains. The first day of outflows may signal the beginning of a normalization phase. At the time of writing, XRP was trading at $2.12, down 7% over the past 24 hours.
