## Financial App Betterment Sends Unauthorized Crypto Scam Notification

Betterment, a popular financial app, sent out a **sketchy-looking notification** on Friday that asked users to send **$10,000 to Bitcoin and Ethereum crypto wallets** with the promise to **'triple your crypto'**. This alarming message was reported in a [thread on Reddit](https://www.reddit.com/r/betterment/comments/1q8n1r2/this_seems_suspicious_triple_crypto_app/), where users shared screenshots and expressed concerns about the legitimacy of the offer.

According to Betterment's official account on X, this was an **'unauthorized message'** sent via a **'third-party system'** used for marketing and customer communications. The company has since clarified that this is **not a real offer** and should be disregarded, apologizing for any confusion caused.

### The Scam Notification Details

The notification, as captured in a screenshot from the Reddit thread, read:

> **We’ll triple your crypto! (Limited Time)**
> 
> Bryan: Betterment is giving back!
> 
> We’re celebrating our best-performing year yet by tripling Bitcoin and Ethereum deposits for the next three hours.
> 
> For example, if you send $10,000 in Bitcoin or Ethereum, we’ll send you right back $30,000 to your sending Bitcoin or Ethereum address.
> 
> Send deposits to these addresses:

![A screenshot of a Betterment notification promoting a crypto scam.](https://platform.theverge.com/wp-content/uploads/sites/2/2026/01/htfdkey7lecg1-2.png?quality=90&strip=all&crop=0%2C0%2C100%2C100&w=2400)

Some users also reported receiving **similar notifications via email**, highlighting the widespread nature of this scam attempt. Betterment's response on X emphasized the importance of vigilance:

> Earlier this evening you may have received a message referencing a crypto-related Betterment promotion. This was an unauthorized message sent via a third-party system we use for marketing and other customer communications.
> 
> Please note that this is not a real offer and should be disregarded. We apologize for any confusion.

This incident underscores the **growing risks of crypto scams** targeting users through legitimate platforms. It serves as a critical reminder for investors to **always verify offers** and be cautious of unsolicited messages promising high returns.

The sketchy notification promised users Betterment would ‘triple your crypto.’

Betterment's Crypto Scam Alert: Users Targeted with $10,000 'Triple Your Crypto' Fraud

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**.

The first full trading week of 2026 saw XRP and SOL ETFs log net inflows, while bitcoin and ether funds struggled in comparison.

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