ETF flows shifted sharply on January 22. While Bitcoin and Ethereum funds saw heavy outflows, XRP and Solana quietly pulled in new money. Data shows XRP spot ETFs recorded $2.09 million in net inflows. Solana spot ETFs added another $1.71 million. At the same time, Bitcoin spot ETFs lost $32.11 million. Ethereum spot ETFs saw […]
ETF flows shifted sharply on January 22. While Bitcoin and Ethereum funds saw heavy outflows, XRP and Solana quietly pulled in new money. Data shows XRP spot ETFs recorded $2.09 million in net inflows. Solana spot ETFs added another $1.71 million.
At the same time, Bitcoin spot ETFs lost $32.11 million. Ethereum spot ETFs saw even larger outflows of $41.98 million. This split highlights a changing mood. Investors are stepping away from the two largest assets. Instead they are rotating into select altcoins. The move comes amid wider market volatility and cautious risk sentiment.
What the XRP ETF numbers show
XRP’s inflows may look small compared to Bitcoin. Still, they stand out in context. According to SoSoValue data, XRP spot ETFs now hold $1.37 billion in total net assets. Cumulative net inflows have reached $1.23 billion. Daily trading value hit $18.05 million on January 22. XRP spot ETFs now represent about 1.17% of XRP’s total market cap. That is a meaningful share for a relatively new ETF category.
Among issuers, Franklin’s XRPZ fund led the day. It recorded the full $2.09 million inflow. Other XRP funds held steady without redemptions. Even as XRP price slipped slightly on the day, ETF demand stayed positive. That suggests investors focused on exposure, not short term price moves.
Bitcoin and Ethereum face steady pressure
Bitcoin and Ethereum told a different story. While Bitcoin ETFs lost over $32 million on the day. This followed several sessions of redemption. Ethereum ETFs also continued to bleed capital, with nearly $42 million leaving in one session. These outflows come after sharp price drops earlier in January. Bitcoin fell from above $120K to the high $80K range. Ethereum also struggled to hold key support levels. For now, investors appear to be taking profits or reducing exposure. Many are waiting for clearer macro signals. This does not mean long-term conviction is gone. But in the short term, caution is winning.
Why investors are rotating into XRP
The inflows into XRP and SOL suggest selective confidence. Some investors see XRP as a regulatory clarity play. Others view it as undervalued compared to recent highs. Strong network activity and growing ETF liquidity also help the case. Solana benefits from a different narrative. High speed transactions and active on-chain use keep it in focus during rotation periods. Together, these flows show investors are not exiting crypto entirely. They are reallocating. Instead of broad risk on behavior, the market is picking spots.
What this means going forward
XRP spot ETFs flows often reflect institutional behavior. When money moves, it sends signals. On January 22, the signal was clear. Bitcoin and Ethereum faced pressure. XRP and SOL gained attention. If this trend continues, altcoin ETFs could see more steady demand. At the same time, BTC and ETH may need stronger catalysts to reverse outflows. Currently, capital is cautious. But it is still active and XRP is quietly back on the radar.
