Canary Capital CEO Says XRP ETFs Outpace Bitcoin Flows

TLDR

• Canary Capital CEO Steven McClurg said XRP ETFs continue to attract steady inflows despite outflows from Bitcoin and Ethereum funds.
• McClurg stated that XRP captures about 50 percent of new capital entering altcoin exchange-traded funds.
• He confirmed that Solana accounts for 30 percent of new inflows while Hedera represents 20 percent.
• XRP ETFs recorded consistent inflows from mid November until January 7, 2026, when they posted their first outflow.
• Bitcoin ETFs reported outflows on nine trading sessions this month, while XRP funds saw only three negative flow days.

Canary Capital CEO Steven McClurg said XRP ETFs attract steady inflows while Bitcoin and Ethereum funds post outflows. He stated that XRP-linked products capture half of the new altcoin ETF capital. He also confirmed that XRP funds recorded $1.24 billion in cumulative net inflows and hold $1.06 billion in assets.

XRP Leads Altcoin ETF Capital Rotation

Steven McClurg said XRP captures about 50% of fresh capital entering altcoin exchange-traded funds. He added that Solana accounts for 30% of inflows while Hedera holds 20%. He shared these figures while addressing recent crypto ETF flow trends.

He explained that investors continue to allocate funds to XRP products despite broader market weakness. He said Bitcoin and Ethereum ETFs faced persistent redemptions during the same period. He stated, “XRP attracts inflows even on red days for Bitcoin and Ethereum funds.”

He pointed out that this pattern reflects a clear shift in ETF capital allocation. He confirmed that XRP products gained traction as Bitcoin and Ethereum funds recorded repeated outflows. He emphasized that XRP funds drew fresh capital during volatile sessions.

He also cited weekly data to support his remarks. He said Bitcoin and Ethereum products saw combined outflows of $250 million last week. He added that XRP investment products recorded a $3.5 million net inflow during that period.

Bitcoin and Ethereum ETFs Record Outflows

McClurg stated that Bitcoin ETFs posted outflows on nine trading sessions this month. He contrasted this with XRP funds, which reported only three negative flow days. He referenced data compiled by SoSoValue to support the comparison.

He said Canary Capital launched the first spot XRP ETF in mid-November. He added that the fund and similar products recorded steady inflows until January 7, 2026. He confirmed that XRP ETFs reported their first outflow on that date.

During the same timeframe, Bitcoin and Ethereum ETFs faced continued selling pressure. He said these funds experienced only brief periods of positive flows. He stressed that XRP maintained stronger flow consistency over those weeks.

He also provided asset data for XRP-linked products. He said XRP ETFs accumulated $1.24 billion in total net inflows since launch. He added that these funds now manage $1.06 billion in total assets.

Among available products, the Canary XRP ETF (XRPC) leads by net assets. The fund holds $280.38 million, according to the latest data. Bitwise’s XRP ETF follows closely with $278.22 million in net assets.

McClurg reiterated that XRP continues to secure steady inflows during weak market sessions. He confirmed that XRP funds attracted capital even when Bitcoin and Ethereum products posted losses. He maintained that current flow data supports this trend as of the latest reporting period.

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