XRP spot ETF records first net outflow since launch as price pulls back

XRP’s spot exchange-traded fund [ETF] has recorded its first-ever daily net outflow since launch. The trend breaks a streak of uninterrupted inflows that had persisted since its launch in November 2025.

According to data from SoSoValue, the XRP spot ETF posted a net outflow of approximately $40.8 million on 7 January. 

Despite the outflow, total net assets held by the product remain elevated at around $1.53 billion, underscoring that the move represents a pause in accumulation rather than a broad unwind.

Source: SoSoValue

The outflow comes as XRP’s price retraced from recent highs following a strong rally into the new year.

XRP ETF outflow follows January price rally

XRP entered January with renewed momentum, pushing above the $2.40 level earlier this week after weeks of steady gains. 

However, price action has since cooled, with XRP pulling back roughly 9% to trade near $2.14 at the time of writing.

Source: TradingView

Notably, the ETF outflow coincided with this short-term retracement, suggesting the move may reflect profit-taking or portfolio rebalancing rather than a structural shift in investor sentiment.

While ETF flows had previously moved in one direction, the latest data indicates that XRP’s ETF market is beginning to experience two-way flow dynamics, a common feature as new products mature.

Assets remain elevated despite first outflow

Even after the outflow, XRP ETF assets remain near cycle highs, highlighting that institutional exposure to the asset has not materially diminished.

Since its launch in November 2025, the product has accumulated more than $1.5 billion in net assets. Also, it has benefited from sustained inflows during XRP’s late-2025 recovery phase. 

The recent outflow represents a single-day adjustment, rather than a prolonged trend of capital exits.

Historically, early-stage crypto ETFs often experience periods of consolidation following strong inflow streaks, particularly after sharp price advances.

Market interprets move as consolidation, not reversal

Importantly, XRP’s broader price structure has not shown signs of a breakdown. The token remains well above its December lows, and trading volumes suggest continued market participation rather than capitulation.

The initial outflows are not uncommon once products transition from launch-phase accumulation into more balanced trading environments.

In this context, the latest data point may signal normalization, rather than weakening demand.

What comes next

Market attention will now shift to whether ETF flows stabilize or extend into consecutive outflow sessions. 

A return to net inflows could reinforce the view that the current move was driven by short-term positioning. However, sustained outflows may prompt closer scrutiny of institutional appetite at current price levels.

For now, XRP’s first ETF outflow marks a notable milestone, but one that appears consistent with consolidation following a strong rally rather than a decisive change in trend.

Final Thoughts

• XRP’s spot ETF recorded its first net outflow since launch, ending a period of uninterrupted inflows following a strong price rally.
• Despite the outflow, total ETF assets remain elevated, suggesting consolidation rather than a broader reversal in institutional demand.