coindesk.com
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.