XRP spot ETFs experienced their first net outflows since launching on January 7, with total redemptions hitting $40.8 million. The 21Shares TOXR fund led the outflow with $47.25 million in redeemed shares, signaling mixed investor sentiment. Despite this pullback, the cumulative inflows since inception remain solid at approximately $1.2 billion, with total assets under management reaching $1.53 billion across all XRP ETF offerings.

The redemption pattern appears to be a typical rebalancing move rather than a fundamental loss of confidence. With XRP trading near the $2.10 level—a temporary dip from recent highs—some investors likely trimmed positions to lock in gains or reposition their portfolios. This kind of short-term profit-taking is common after a strong rally and ETF launch period, especially when asset prices face brief consolidation phases. The underlying demand remains robust given the substantial asset base, suggesting this could present a tactical entry point for longer-term holders.