XRP Spot ETF Divergence Worsens, Market Signal Behind a Net Outflow of 40.8 Million in a Single Day

The US XRP Spot ETF market shows a clear divergence. According to the latest data, yesterday (January 7th Eastern Time), the overall net outflow of XRP spot ETFs was $40.8 million, but the two main products exhibited completely opposite trends: the 21Shares XRP ETF continued to experience significant outflows, while the Bitwise XRP ETF still attracted stable inflows. What does this reflect?

Specific ETF Outflow Details

As of now, the total net asset value of XRP spot ETFs is $1.53 billion, and the cumulative net inflow has reached $1.2 billion, indicating that the long-term trend of the entire market remains upward.

The True Logic Behind the Divergence

Normal adjustment caused by differences in product features

The divergence in ETF flows mainly stems from differences in product design and investor preferences. The continued capital attraction by Bitwise indicates market recognition of its management strategy; the ongoing outflows from 21Shares may reflect investors seeking more suitable allocation options. Such divergence is common among emerging ETF products and should not be overinterpreted as a bearish market signal.

Short-term correction vs. long-term trend

It is worth noting that XRP has risen a total of 32% since January 1st, with an 18.33% increase over the past 7 days. During such a rapid upward trend, phased profit-taking and capital reallocation are entirely normal. Market participants optimizing their positions after a quick rise indicate a rational attitude toward this wave of market movement.

Institutional investors remain optimistic

From a broader perspective, the launch of XRP spot ETFs itself signifies regulatory recognition of XRP in the US. Although there was a single-day net outflow, the $1.2 billion in cumulative net inflow demonstrates that institutional investors’ long-term optimism about XRP remains unchanged. This outflow is more like a “selection process of suitable products” rather than a complete bearish outlook.

Insights from Market Divergence

Currently, the XRP market presents an interesting phenomenon: prices are rising, but market opinions are clearly divided. On one hand, technical analysts are optimistic about its breakout prospects, expecting it to challenge higher prices; on the other hand, some analysts warn about technical risks. This divergence precisely reflects a healthy market state—there are both bullish and cautious participants.

Summary

The single-day net outflow of $40.8 million from XRP spot ETFs is not a bearish signal but a normal correction after a rapid rise. More importantly, the divergence trend between the two ETF products and the stability of long-term net inflows deserve attention. For investors, the key is not the daily capital flow but understanding the market logic behind these flows—institutional investors optimizing allocations, and the market pricing rationally. The short-term fluctuations often contain confirmation of long-term trends.