XRP Spot ETFs Post First Net Outflows Amid Cooling Institutional Interest

In Brief

• XRP spot ETFs record first weekly net outflow of $40.64M since their U.S. market launch.
• Grayscale leads XRP ETF outflows, while Bitwise logs modest inflows amid broader weakness.
• XRP price slips weekly as open interest falls, signaling cooling institutional momentum.

U.S. spot XRP exchange-traded funds recorded their first weekly net outflow since launch, signalling a shift in institutional positioning. Data showed a combined $40.64 million outflow over seven days, reflecting softer demand across crypto investment products.

Selling pressure concentrated heavily in Grayscale’s XRP Trust, which posted $55.39 million in weekly outflows. In contrast, Bitwise’s XRP ETF attracted $8.69 million in inflows, although this failed to offset broader losses.

Despite weekly outflows, XRP ETFs still hold cumulative net inflows of $1.23 billion. Total assets under management currently stand near $1.36 billion, maintaining a market cap ratio of about 1.17%.

The recent reversal followed an initially strong ETF debut that attracted large volumes and sustained inflows. However, flows weakened as broader crypto ETFs experienced simultaneous redemptions.

During the same period, U.S. spot Bitcoin ETFs recorded their second-largest weekly outflow on record. Ethereum ETFs also faced heavy withdrawals, reinforcing a wider pullback in institutional exposure.

Market Metrics and Price Data Reflect Cooling Momentum

XRP price action mirrored the shift in ETF sentiment as volatility remained elevated.
According to CoinMarketCap data, XRP traded near $1.87, showing minor hourly gains but broader weekly losses.

The token posted a slight 0.05% rise over one hour, yet declined 0.89% over 24 hours.
Over seven days, XRP fell approximately 4.08%, reflecting sustained selling pressure.

CryptoQuant data confirmed a gradual decline in XRP open interest over the past three weeks.
Open interest peaked at $1.382 billion on January 5, aligning with a brief price recovery.

As prices faced resistance near yearly highs, open interest declined alongside market pullbacks.
By January 12, open interest dropped to $1.088 billion as XRP fell toward $2.05.

A short rebound briefly lifted open interest to $1.172 billion on January 13.
However, renewed price weakness pushed open interest down to roughly $965 million.

This level last appeared in November 2024, when XRP traded near $0.77.
Together, ETF flows, price performance, and derivatives data indicate reduced short-term institutional confidence.