Short Description: Despite a major outflow hitting XRP ETFs, they’ve rebounded with record trading volumes, defying bearish market sentiment and a sliding XRP price.
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In a surprising twist for crypto investors, Spot XRP ETFs have demonstrated remarkable resilience, setting a record for trading volume just one day after experiencing their largest daily outflow since launch. Data shows a massive $92.9 million withdrawal on January 29, 2026, primarily from Grayscale’s GXRP fund, briefly dropping total net assets. However, in a powerful display of renewed investor demand, these ETFs saw $16.79 million in fresh inflows the following day. More impressively, their cumulative trading volume surged to $2.23 billion, a significant milestone that underscores strong underlying market activity despite broader uncertainty.
This robust performance is particularly noteworthy given the concurrent downturn in the XRP price, which has slid over 11% in the past week to around $1.69. Market analysts are closely watching this divergence, where ETF volumes climb despite the asset’s price decline. The record volume was led by Bitwise’s XRP ETF, with significant contributions from other major issuers. This activity suggests that sophisticated and institutional players may be using the ETF products to strategically position themselves during market volatility, seeing current levels as a potential entry point.
The broader context adds to the intrigue. The overall crypto market fear and greed index signals extreme fear, and XRP’s own metric has dipped into the “Fear” zone. Yet, the ETF trading volume hitting new highs indicates a complex narrative. For investors, the key takeaway is the evolving dynamic between a spot asset’s price and its regulated investment vehicles. The sustained high Assets Under Management (AUM), even after outflows, hovering above $1.19 billion, shows that substantial capital remains committed to XRP through these accessible channels, painting a picture of cautious but persistent institutional interest amidst the storm.
Short Summary: Spot XRP ETFs have shown unexpected strength, achieving record trading volumes immediately after a major outflow, signaling resilient investor interest. This occurs despite XRP’s price falling over 11% amid broad market fear, highlighting a divergence where ETF activity remains high. The sustained Assets Under Management suggest institutional players are actively engaging, using these regulated products to navigate current volatility and potentially build long-term positions.
