XRP spot exchange-traded funds (ETFs) faced a significant downturn on January 7, 2026, marking the first-ever outflow with losses totaling $40.8 million, according to data from SoSoValue. This development raises concerns about investor sentiment in the cryptocurrency market, which has shown signs of caution.
The 21Shares XRP ETF (TOXR) was particularly affected, experiencing withdrawals of $47.25 million in just one day, which pushed its cumulative outflow to $8.18 million. In contrast, the Bitwise XRP ETF (XRP) saw a modest inflow of $2.44 million, maintaining its robust historical inflows of around $288 million. This divergence indicates differing investor confidence levels among various XRP ETFs.
Prior to this outflow, the XRP ETFs had consistently attracted investments since their launch in November 2025. Just a day before the outflow, these funds had seen inflows of $19.2 million, with the Franklin XRP ETF (XRPZ) leading that day with $7.35 million. At that time, total assets across all XRP ETFs had reached $1.62 billion, showcasing strong investor interest.
December 2025 marked a particularly strong month for XRP ETFs, with inflows nearing $499.9 million, reflecting a surge in investor engagement as XRP”s price rebounded above $2. The current price of XRP stands at $2.12, reflecting a 5.87% decrease over the past 24 hours.
This unprecedented outflow comes during a period of heightened volatility for XRP, as total assets have decreased from recent peaks around $1.65 billion. The net asset ratio of 1.16% indicates that the actual holdings are relatively small compared to total assets, making prices sensitive to shifts in investment flows.
Despite these outflows, the overall historical inflows of $1.2 billion remain significantly larger than the recent withdrawals, suggesting that long-term interest in XRP persists. The inflows into Bitwise signal a selective confidence among investors, while the outflows from 21Shares may exert pressure on its asset base if the trend continues.
Future movements may hinge on XRP”s on-chain activities and developments at Ripple, which could renew investor interest and encourage new inflows. With total assets now at $1.53 billion, even minor recoveries could stabilize overall market sentiment.
