XRP, Solana Funds Buck Trend as Crypto ETPs Shed $454M

Crypto ETPs lost $454 million in outflows during the week ending January 12, 2026, according to CoinShares. This came as investors reacted to fading hopes of a Federal Reserve rate cut in March. Despite the overall outflows, XRP and Solana ETFs bucked the trend by attracting inflows. XRP ETFs, however, faced a reversal after a 54-day inflow streak, recording a $40.8 million outflow on January 7. Solana ETFs, on the other hand, maintained inflows for the eighth consecutive week.

Bitcoin and Ethereum ETFs were hit hard, with Bitcoin ETFs shedding $681 million and Ethereum ETFs losing $68.6 million in the first week of 2026. The pullback was attributed to macroeconomic uncertainty and shifting investor sentiment.

Altcoin ETFs, particularly Solana and XRP, showed resilience. Solana ETFs posted $41.08 million in inflows during the week, while XRP ETFs saw a rebound on January 8 with $8.72 million in inflows following a major outflow according to market analysis.

Why Did This Happen?

The outflows in Bitcoin and Ethereum ETFs followed a sharp correction in October 2025, which led to widespread deleveraging across crypto markets. Analysts noted that shifting expectations around monetary policy and global risk were key factors behind the pullback. Fading hopes for a March rate cut contributed to a risk-off environment, pushing investors into safer assets.

In contrast, Solana ETFs continue to attract inflows due to institutional interest in the network as infrastructure rather than a speculative asset. JPMorgan and Visa, for instance, have adopted Solana for its high throughput and low fees.

How Did Markets React?

XRP ETFs recorded their first daily outflow after a 54-day inflow streak, with 21Shares TOXR leading the outflow at $47.25 million. This led to a drop in total ETF assets for XRP and a 14% price decline from $2.42 to $2.08.

Bitcoin ETFs, which had a strong start to 2026 with $1.17 billion in inflows, saw this erased by January 8 due to a $1.128 billion outflow over three days. Ethereum ETFs also saw a $351.44 million outflow over three days.

Solana’s price rebounded by 2% as of January 12, supported by continued inflows into ETFs and growing institutional interest in its infrastructure capabilities.

What Are Analysts Watching Next?

Analysts are keeping a close eye on upcoming U.S. macroeconomic data, particularly the Consumer Price Index (CPI) and Federal Reserve guidance. These data points will likely influence the trajectory of ETF flows in the coming weeks.

Institutional developments are also being monitored. Morgan Stanley filed for spot Bitcoin and Solana ETFs, signaling deeper institutional commitment to crypto. This move could encourage other major firms to follow suit, potentially boosting demand for crypto ETFs.

Investors are also watching for further network upgrades on Solana, such as the Alpenglow upgrade in early 2026. These upgrades could enhance the network’s performance and attract more institutional adoption.

Bitcoin and Ethereum ETFs will remain in focus as they attempt to recover from the January outflows. If macroeconomic conditions stabilize and rate-cut expectations return, inflows could resume. Meanwhile, altcoin ETFs, particularly those tracking XRP and Solana, will be monitored for continued resilience.