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Amid the withdrawals, the price of XRP slipped below $2.10 after failing at $2.26, tempering the asset’s strong early-2026 run.
The roughly $41 million net outflow was driven entirely by a $47.25 million redemption from 21Shares’ TOXR. This was partially offset by inflows into other funds, including $2.32 million for Canary’s XRPC and $1.69 million for Grayscale’s GXRP, per SoSoValue data.
The total assets held by XRP ETFs hover around $1.53 billion, roughly 1.16% of XRP’s $128 billion market cap. This makes the funds one of the strongest-performing crypto exchange-traded products (ETPs).
More Crypto ETF Outflows
XRP funds’ red day coincided with heavy selling across other crypto-tied ETFs. According to SoSoValue data, spot Bitcoin ETFs logged $486.08 million in inflows on Wednesday, their largest withdrawal day since November. Fidelity’s FBTC lost $247.6 million while BlackRock’s IBIT saw $130 million exit the fund.
 
Spot Ether ETFs also flipped negative on Wednesday, registering $99 million in net outflows, led by Grayscale’s ETHE. This marked the first net outflow day for ETH ETFs in 2026, after $457 million in inflows over the first three trading days of the year.
Smaller crypto-based ETFs have performed better comparatively. Products dedicated purely to Solana (SOL) ETFs, for instance, continued to pull in capital, posting modest but steady inflows within the first trading days of January, even as short-term price action remains choppy.
XRP kicked off 2026 as one of the best-performing major cryptocurrencies, bolstered by its positive ETF flows, improving regulatory clarity, and falling exchange balances. However, the first ETF outflow day comes amid a market-wide pullback. At press time, XRP is trading at $2.09, down 7.1% over the past 24 hours, CoinGecko data shows.