US spot XRP ETFs just recorded their first net outflow after 36 consecutive days of inflows, raising questions about whether the record streak is pausing or ending.
Summary
- According to data from SoSoValue, US spot XRP ETFs saw their first net outflow on January 7 after a 36-day inflow streak.
- Single-day outflows are small compared to cumulative inflows that are near record highs and may reflect short-term profit-taking or rebalancing of positions.
- Analysts say multiple outflow days could signal weakening institutional demand, while a quick return to inflows would see Jan. 7 as a short consolidation blip
US exchange-traded funds tracking XRP cryptocurrency recorded their first net outflow on January 7, ending a 36-day streak of continuous inflows, according to data from SoSoValue.
XRP breaks the inflow sequence
The five XRP (XRP) ETFs experienced net redemptions on January 7, marking a reversal from previous trading sessions. On January 6, the funds recorded net inflows, while January 5 saw higher inflows, according to the data.
Total net inflows into the ETF complex remain near recent highs despite the single-day outflows and are only modestly below the peak reached earlier this week, the data showed.
The Jan. 7 outflow represented the largest single-day reversal in recent memory, although it remained small relative to cumulative capital inflows since the ETFs began trading, according to SoSoValue.
Market analysts have noted that long-term inflows into ETF products often have short consolidation phases as traders adjust their positions or realize gains. Whether the outflow represents a temporary pause or the start of continued repayments remains unclear.
The ETFs maintain a net positive position on a cumulative basis. Sustained outflows over multiple trading sessions could indicate reduced institutional demand, while a resumption of inflows would indicate that the January 7 data represents a brief break in the accumulation pattern, according to market observers.
