The first full trading week of 2026 has revealed a dramatic divergence in the cryptocurrency ETF landscape. While U.S. spot Bitcoin and Ether ETFs faced significant outflows, newer funds tracking XRP and Solana (SOL) bucked the trend with strong inflows and record-breaking volumes.
Bitcoin and Ether ETFs Face Heavy Outflows
According to data from SoSoValue, U.S. spot Bitcoin and Ether exchange-traded funds combined to shed $749.6 million during the week ending January 9, 2026. This marked a challenging start to the year for these established products.
Spot Bitcoin ETFs recorded four consecutive days of outflows from January 6 through January 9, totaling $681 million for the week. The outflows came despite a strong start on January 5, when the funds attracted $697.3 million - the lone positive day of the week.
Thursday's outflows of $486.1 million on January 7 marked the largest single-day hemorrhage of the week.
BlackRock's industry-leading IBIT fund bore the brunt of outflows, with $252 million exiting the fund on January 9. Bitwise's BITB also saw modest outflows of $5.9 million. Fidelity's FBTC was a notable outlier, pulling in $7.9 million on the same day.
The 12 spot Bitcoin ETFs now hold $116.9 billion in total net assets, representing 6.48% of Bitcoin's market capitalization, with $56.4 billion in cumulative net inflows since launching in January 2024.
Spot Ether ETFs fared slightly better in percentage terms but still posted weekly net outflows of $68.6 million. The funds started the week strong with inflows of $168.1 million on January 5 and $114.7 million on January 6, but total outflows of $351.4 million over the final three trading days erased those gains.
BlackRock's ETHA led Ether fund outflows with $83.8 million on January 9, followed by Grayscale's ETHE with $10 million leaving the fund. The nine spot Ether ETFs now hold $18.7 billion in total net assets, or 5.04% of Ether's market capitalization.
XRP ETFs Hit Volume Milestone
In stark contrast to their Bitcoin and Ether counterparts, the five spot XRP ETFs continued attracting capital in their early months of trading. The funds recorded $38.1 million in net inflows for the week ending January 9 and notched their highest weekly trading volume since launch at $219 million.
The volume figure nearly doubled the previous week's $117.4 million and exceeded the $213.9 million recorded during the week ending December 19, 2025, the second-highest volume week yet. This milestone suggests growing institutional interest in the XRP funds despite broader weakness in the crypto ETF market.
Canary Capital's XRPC leads the pack with $375.1 million in net assets under management, followed by Bitwise's XRP fund at $300.3 million and Franklin Templeton's XRPZ at $279.6 million. Grayscale's GXRP holds $271.2 million, while 21Shares' TOXR rounds out the field with $246.9 million.
The XRP funds have accumulated $1.22 billion in cumulative net inflows since launching in mid-November 2025, with total net assets of $1.47 billion, representing 1.16% of XRP's market capitalization.
SOL ETFs Also See Positive Inflows
Meanwhile, spot SOL ETFs also logged net positive inflows on the week, taking in $41.1 million throughout 2026's first full trading week. Bitwise's BSOL fund continues to be the industry leader in terms of assets under management by a wide margin, with $648.1 million in cumulative net inflows compared to runner-up Fidelity's FSOL at just $131.4 million.
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