XRP ETFs log first outflow after 36‑day inflow streak, SoSoValue data shows
U.S. spot XRP ETFs just recorded their first net outflow after 36 straight inflow days, raising questions over whether the record streak is pausing or ending.
- U.S. spot XRP ETFs saw their first net outflow on Jan. 7 after a 36‑day inflow streak, according to SoSoValue data.
- The single‑day outflow is small versus cumulative inflows near record highs and may reflect profit‑taking or short‑term position rebalancing.
- Analysts say multiple outflow days could flag fading institutional demand, while a quick return to inflows would frame Jan. 7 as a brief consolidation blip
U.S. spot exchange-traded funds tracking XRP cryptocurrency recorded their first net outflow on Jan. 7, ending a 36-day streak of continuous inflows, according to data from SoSoValue.
XRP breaks inflow streak
The five XRP (XRP) ETFs experienced net redemptions on Jan. 7, marking a reversal from the previous trading sessions. On Jan. 6, the funds recorded net inflows, while Jan. 5 saw larger inflows, according to the data.
Total net inflows across the ETF complex remain near recent highs despite the single-day outflow, sitting only modestly below the peak reached earlier in the week, the data showed.
The Jan. 7 outflow represented the largest single-day reversal in the recent period, though it remained small relative to cumulative capital inflows since the ETFs began trading, according to SoSoValue.
Market analysts have noted that extended inflow streaks in ETF products often experience brief consolidation phases as traders adjust positions or realize profits. Whether the outflow represents a temporary pause or the beginning of sustained redemptions remains unclear.
The ETFs maintain a net-positive position on a cumulative basis. Continued outflows across multiple trading sessions could indicate reduced institutional demand, while a resumption of inflows would suggest the Jan. 7 data represents a brief interruption in the accumulation pattern, according to market observers.
You May Also Like
Zero Knowledge Proof Becomes the Go-To 1000x Crypto Play for Investors While SUI & Dogecoin Struggle to Break Out
Federal Reserve Chairman Powell Faces Criminal Investigation Threat, Retail Investors Rally Behind “Daddy Powell”
