XRP ETFs Achieve Record Trading Volumes Despite Market Setbacks

In a remarkable turn of events, Spot XRP ETFs have showcased resilience amidst a market downturn, achieving record trading volumes and attracting new inflows. This unexpected strength is particularly notable given the recent decline in XRP's price and the overall crypto market's struggles.

Key Takeaways

XRP ETFs have shown remarkable resilience, achieving a record trading volume despite a general market downturn.
A significant outflow of $92.9 million occurred on January 29, 2026, primarily due to Grayscale’s GXRP.
XRP’s price fell sharply, dropping over 15% from earlier highs, although ETFs gained inflows of $16.79 million soon after.
The broader crypto market remains uncertain, with indicators of fear prevailing among investors.

XRP

XRP ETFs Surpass Expectations with Record Volume

XRP is making headlines as its ETFs witness new inflows after a significant previous outflow. As reported by SoSoValue, XRP ETFs experienced a $92.9 million loss on January 29, 2026—the largest reduction since their launch on November 13, 2025.

Since they became available for trading, XRP ETFs have only seen three outflows, with the latest $92.9 million drop marking the third instance. This outflow was largely attributed to Grayscale’s GXRP, which lost an astounding $98.39 million. However, this was somewhat balanced by inflows into Franklin Templeton’s XRPZ, Bitwise’s XRP ETF, and Canary’s XRPC.

XRP ETFs Data

Following this outflow, the total net assets of XRP ETFs decreased from $1.39 billion to $1.21 billion. This decline closely matched XRP's price drop, which fell from $1.92 to $1.80 within 24 hours. Surprisingly, just a day after the $92.9 million withdrawal, XRP ETFs gained impressive momentum, recording a total net inflow of $16.79 million, although total net assets slightly decreased to $1.19 billion.

XRP Price Chart XRPUSD trading at $1.69. Chart: TradingView

Remarkably, Spot XRP ETFs achieved record trading volumes despite an overall downward trend in the market. Data from The Block indicates that the cumulative volume of XRP ETFs rose to $2.23 billion, up from $2.15 billion just one day post the $92.9 million outflow. Reports revealed that Bitwise’s XRP ETF led the trading volume, followed by Grayscale’s GXRP, Franklin Templeton’s XRPZ, Canary’s XRPC, and 21Shares TOXR, respectively.

In terms of Assets Under Management (AUM), XRP ETFs saw a minor decline, decreasing from $1.48 billion to $1.32 billion following the outflow on January 29.

XRP AUM Chart

XRP Price Declines Amid Market Volatility

Despite the recovery in XRP ETFs, the price of the cryptocurrency itself continues to slide, exacerbating losses from earlier this year. According to CoinMarketCap, XRP’s price has fallen over 11% in the past week, with a slight decline of more than 3% in the last 24 hours. Currently, XRP’s price is around $1.69, a drop of over 15% from its peak of $2 just a few weeks prior.

Additionally, XRP’s daily trading volume has decreased by more than 26.6%, suggesting a potential dip in trader confidence and increasing uncertainty in the market. Supporting this sentiment, XRP’s Fear and Greed Index has entered the “Fear” zone. The broader crypto market is exhibiting similar vulnerabilities, with the index indicating extreme fear across major digital assets.

Featured image from Unsplash, chart from TradingView