The cryptocurrency XRP faced a significant decline of 7% following a notable event in the market. On Wednesday, U.S. spot XRP exchange-traded funds (ETFs) recorded their first net outflow of $40.8 million, disrupting a 36-day period of continuous inflows since their introduction.
This outflow represents a pivotal moment for XRP ETFs, which had successfully accumulated assets since their launch on November 13, 2025. The recent withdrawals prompted a drop in XRP”s price, which fell below $2.10 after encountering resistance around $2.26, thus interrupting its robust performance in early 2026.
The outflow was primarily driven by a substantial redemption of $47.25 million from 21Shares” TOXR fund. Despite this, there were some compensatory inflows into other ETFs, such as Canary“s XRPC and Grayscale“s GXRP, which attracted $2.32 million and $1.69 million, respectively, according to data from SoSoValue. Overall, the total assets managed by XRP ETFs now stand at approximately $1.53 billion, accounting for around 1.16% of XRP”s $128 billion market capitalization.
In a broader context, the outflows from XRP funds coincided with a wave of selling across other cryptocurrency-related ETFs. For instance, spot Bitcoin ETFs faced a staggering $486.08 million in outflows on the same day, marking their largest withdrawal since November. Notably, Fidelity“s FBTC lost $247.6 million, while BlackRock“s IBIT saw $130 million exit the fund. Similarly, spot Ether ETFs recorded $99 million in net outflows, led by Grayscale“s ETHE, marking a downturn after a strong start to the year with $457 million in inflows over the first three trading days.
Interestingly, smaller cryptocurrency-focused ETFs have shown resilience, particularly those targeting Solana (SOL), which have continued to attract modest inflows despite a turbulent market environment.
At the beginning of 2026, XRP positioned itself as one of the top-performing major cryptocurrencies, bolstered by favorable ETF inflows, clearer regulatory conditions, and decreasing exchange balances. However, the recent outflow day occurs amidst a wider market retreat, with XRP trading at $2.09, reflecting a 7.1% decrease in value over the preceding 24 hours, as reported by CoinGecko.
