U.S.-listed spot XRP exchange-traded funds experienced their first collective net capital outflow on January 7, 2025, ending a run of consistent purchases that lasted 36 trading days. The five approved funds registered a combined net withdrawal of $40.8 million, a move market watchers flagged as notable given the prior streak of inflows.
First Net Outflow from XRP Spot ETFs
The January 7 outflow represents a clear break from the pattern of continuous inflows that followed regulatory approval and launch. A fund-level breakdown shows the 21Shares XRP Trust (TOXR) accounted for the largest single movement, with a net outflow of $47.25 million, while other major managers did not follow suit and instead recorded modest inflows. In particular, Canary, Bitwise, and Grayscale together attracted roughly $2 million on the same day, suggesting the adjustment was concentrated rather than a broad-based exit.
Analyst Insights on the Outflow
Market commentary emphasized a tactical explanation for the withdrawal. Rachael Lucas of BTC Markets linked the outflow to profit-taking after XRP’s rapid weekly advance, during which its price rose from $1.80 to $2.40—an increase cited as 33% in analyst notes. She also put the $40.8 million figure in perspective, noting it amounts to about 3% of cumulative net inflows these ETFs have collected since inception, which implies the core investment base remains largely intact.
On-Chain Data and Market Sentiment
Beyond ETF flows, on-chain indicators painted a different, more constructive picture for XRP. Reports show the supply of XRP held on centralized exchanges has reached an all-time low, a metric often read as a sign of holder conviction because assets moved off exchanges are less immediately available for sale. At the same time, analysts pointed to elevated trading volumes and other network activity as additional evidence that market interest remains strong, creating a divergence between short-term ETF outflows and longer-term on-chain dynamics. For more on the broader flow context, see XRP Spot ETF flows and how large inflows coexist with price behavior.
Future Outlook for XRP and Its ETFs
Experts framed the event as a potential pause rather than a regime change, stressing that upcoming flow patterns will determine the next phase for both price and fund performance. If ETF inflows pick up again and on-chain trends remain favorable, analysts believe those combined forces could help XRP test higher levels, including a retest of the $3.00 threshold. The behaviour of these funds will continue to serve as an indicator of investor appetite for XRP and similar products; for context on asset levels in the ETF complex, see ETF assets reached $1.25bn.
Почему это важно
Для майнера с 1–1000 устройств в России это событие прежде всего отражает волатильность рынка, которая влияет на момент продажи добытой криптовалюты. Короткие оттоки из ETF не обязательно означают падение спроса на XRP в долгосрочной перспективе, особенно если на блокчейне сохраняются признаки удержания монет вне бирж.
Отток в $40.8 млн и концентрация снятий в одном фонде показывают, что часть инвесторов могла фиксировать прибыль, а не массово уходить из рынка. Это значит, что практические последствия для майнера зависят от того, как и когда вы конвертируете полученные XRP в рубли или другие активы.
Что делать?
Если вы майните XRP или планируете продавать полученные средства, держите план выхода: установите целевые уровни продажи и учитывайте волатильность при определении ценовой точки. При небольших объёмах продаж дробите выводы, чтобы снизить рыночное воздействие и избежать потерь от резких колебаний.
Следите за наглядными индикаторами: движение балансов на централизованных биржах и потоками в/из ETF помогут понять, когда повышается вероятность устойчивого спроса. Не забывайте о локальных нюансах — комиссиях, налогах и платёжных конверсиях — при переводе и реализации добытых средств.
