XRP ETFs Hit Record $219M Weekly Volume Amid Crypto ETF Outflows

The U.S. spot XRP ETF market has demonstrated remarkable resilience, posting its highest weekly trading volume since its debut at $219 million for the week ending January 9. This figure represents a significant surge, nearly doubling the previous week’s volume of $117.4 million and narrowly surpassing the prior record of $213.9 million set in the third week of December 2025. This achievement is particularly notable as it occurred against a backdrop of waning interest in the broader crypto ETF market, underscoring a distinct and growing investor appetite for the altcoin-linked products.

The record volume milestone reflects the growing maturity of the XRP ETF market in the United States, which launched in mid-November 2025. Since inception, these funds have accumulated $1.47 billion in total net assets, a testament to their successful capital-raising trajectory. Leading the pack is Canary Capital’s XRPC fund with $375.1 million in assets under management (AUM), followed closely by Bitwise’s XRP fund at $300.3 million and Franklin Templeton’s XRPZ at $279.6 million. The concentration of assets among these major players indicates a competitive but established market structure.

The path to this record was not without a stumble. On Wednesday, January 7, the U.S.-based XRP ETFs registered their first negative performance day, experiencing a net outflow of $40.8 million. This event marked a significant moment for the funds, which had previously enjoyed a consistent run of capital inflows. However, this single-day setback proved to be an anomaly rather than a trend reversal.

Data from SoSoValue reveals that despite the mid-week outflow, the XRP ETF market still ended the week in positive territory, securing a net inflow of $38.07 million for the week ending January 9. This ability to absorb a negative day and still finish the period with fresh capital highlights underlying investor confidence. Analysts note, however, that the chart data shows a steady decline in the magnitude of weekly capital inflows for these crypto-linked products, suggesting that while demand persists, its intensity may be moderating as the market evolves from its initial launch phase.

The success of XRP ETFs stands in stark contrast to the performance of their more-established counterparts in the crypto ETF space. While the XRP funds were setting volume records, the broader crypto ETF market was experiencing significant distress. During the first full trading week of the year, crypto funds overall saw a combined withdrawal of $749.6 million.

The spot Bitcoin ETF market bore the brunt of this exodus. On that same Wednesday, January 7, Bitcoin ETFs recorded their largest single-day net outflow of $486.1 million. For the entire week, the BTC exchange-traded funds closed with a net outflow exceeding $681 million. The Ethereum ETF market presented a more nuanced picture, starting the week strongly with inflows of $168.1 million on January 5 and $114.7 million on January 6. However, this positive momentum reversed, and the Ethereum funds ultimately ended the week with net withdrawals totaling $68.6 million.

This divergence in performance—with XRP ETFs attracting capital while Bitcoin and Ethereum ETFs face substantial outflows—signals a potential rotation of investor interest within the digital asset space. It suggests that the XRP ETF market is carving out its own niche, enduring the current market storm while the flagship crypto investment products navigate a more challenging environment. The record $219 million weekly volume for XRP ETFs, achieved amidst this broader downturn, underscores their emerging role as a resilient component of the U.S. crypto investment landscape.