Spot XRP ETFs Record $41M Net Outflows, First Ever Since Launch

U.S. spot XRP exchange-traded funds (ETFs) reported negative total daily net flows for the first time on Wednesday. The five XRP funds saw a combined net outflow of about $41 million, ending a 36-day streak of inflows.

The outflow was largely driven by 21Shares’ TOXR, which lost $47.25 million. In contrast, funds from Canary, Bitwise, and Grayscale recorded small net inflows of $2.32 million, $2.44 million, and $1.69 million, respectively. Franklin’s XRPZ, meanwhile, remained inactive.

XRP ETFs See Minor Outflows

Since Canary’s XRPC launched on November 13, 2025, XRP ETFs have accumulated $1.25 billion in net inflows. The recent outflows represent a modest shift in market activity, accounting for less than 3% of total inflows since launch.

BTC Markets Crypto Analyst Rachael Lucas stated that the withdrawals appear to be linked to profit-taking after XRP rose from $1.8 to $2.4 in just one week. She added that broader market pullbacks also contributed to the movement, highlighting that the outflows may be temporary.

Lucas noted that on-chain metrics remain positive, with low exchange reserves and high transaction volumes signaling underlying strength. She suggested that if inflows resume, XRP could attempt to test the $3 level.

Bitcoin and Ether ETFs See Outflows

Spot bitcoin and ether ETFs saw notable outflows on Wednesday. Bitcoin funds reported a total net outflow of $486 million. The outflows were led by Fidelity’s FBTC losing $247.6 million and BlackRock’s IBIT seeing $130 million leave the fund.

Ethereum ETFs posted a combined net outflow of $98.5 million, with Grayscale’s ETHE losing $52 million. This was the first net outflow day for ETH funds in 2026. The outflows follow $457 million in inflows during the first three trading days of the year.

Lucas described these withdrawals as typical post-rally adjustments and leverage unwind activity after bitcoin surged to $94,000. She noted that despite short-term volatility, BTC ETF assets remain above $100 billion. Ethereum continues to show strong on-chain activity, including bridging inflows and accumulation trends.

These fund movements coincided with short-term price drops. BTC fell 2.5% over 24 hours to $90,360, ETH dropped 4% to $3,122, and XRP declined 6.9% to $2.12.

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