XRP ETFs hit record weekly volume as bitcoin, ether funds face $750 million in combined outflows

U.S. spot bitcoin and ether exchange traded funds kicked off 2026 on a sour note, shedding a combined $749.6 million during the first full trading week of the year, according to SoSoValue data. Meanwhile, the newer XRP-1.36%

ETFs bucked the trend with continued inflows and hit a trading volume milestone, while SOL+1.86%ETFs also saw net inflows. Spot bitcoin ETFs recorded four consecutive days of outflows from Jan. 6 through Jan. 9, totaling $681 million for the week. The outflows came despite a strong start on Jan. 5, when the funds attracted $697.3 million, the lone positive day of the week, per SoSoValue. Thursday's outflows of $486.1 million on Jan. 7 marked the largest single-day hemorrhage of the week.

BlackRock's industry-leading IBIT fund bore the brunt of outflows, with $252 million exiting the fund on Jan. 9. Bitwise's BITB also saw modest outflows of $5.9 million. Fidelity's FBTC was a notable outlier, pulling in $7.9 million on the same day.

The 12 spot bitcoin ETFs now hold $116.9 billion in total net assets, representing 6.48% of bitcoin's market capitalization, with $56.4 billion in cumulative net inflows since launching in January 2024.

In stark contrast to their bitcoin and ether counterparts, the five spot XRP ETFs continued attracting capital in their early months of trading. The funds recorded $38.1 million in net inflows for the week ending Jan. 9 and notched their highest weekly trading volume since launch at $219 million, per SoSoValue data. 

The volume figure nearly doubled the previous week's $117.4 million and exceeded the $213.9 million recorded during the week ending Dec. 19, 2025, the second-highest volume week yet. The milestone suggests growing institutional interest in the XRP funds despite broader weakness in the crypto ETF market.