The XRP exchange-traded funds achieved gains of $2.09 million while the BTC/ETH pair faced outflows.
The Franklin Templeton XRPZ fund was the main driver of XRP inflows throughout the day.
Solana exchange-traded funds also saw positive momentum, adding $1.71 million.
The total net assets of XRP exchange-traded funds reached $1.37 billion by January 22.
Exchange-traded funds (ETFs) experienced sharp shifts in flows on January 22. While Bitcoin and Ethereum funds recorded significant outflows, XRP and Solana instant funds quietly attracted new money. Data shows that instant XRP funds recorded net inflows of $2.09 million, while instant Solana funds added another $1.71 million.
In contrast, instant Bitcoin funds lost $32.11 million, and instant Ethereum funds recorded larger outflows of $41.98 million. This split highlights a change in market sentiment. Investors are moving away from the two largest digital assets, opting instead to reallocate their investments to select altcoins. These moves come amid broader market volatility and cautious risk sentiment.
What the numbers from XRP funds reveal.
Inflows of $XRP may seem small compared to Bitcoin, but they are significant in their context. According to SoSoValue data, instant XRP funds currently have net assets worth $1.37 billion. Cumulative net inflows reached $1.23 billion, and daily trading volume was $18.05 million on January 22. Instant XRP funds now represent about 1.17% of the total market cap of XRP, a notable share for a relatively new ETF class.
Among the sources, Franklin’s XRPZ fund topped today, recording total inflows of $2.09 million. Other XRP funds maintained stability without redemptions. Even with a slight drop in XRP's price during the day, demand for index funds remained positive, indicating that investors focused on exposure to the asset rather than short-term price movements.
Bitcoin and Ethereum are facing ongoing pressure.
Bitcoin and Ethereum recorded a different story. Instant Bitcoin funds lost over $32 million during the day after several sessions of redemptions. Ethereum funds continued to lose capital, with about $42 million exiting in a single session. These flows come after sharp price declines in early January, where Bitcoin dropped from above $120,000 to around $80,000. Ethereum has also struggled to maintain key support levels. Currently, it appears that investors are taking profits or reducing their exposure. Many are waiting for clearer economic signals. This does not imply a loss of long-term confidence, but caution prevails in the short term.
Reason for the shift of investors towards XRP.
Flows to $XRP and Solana indicate selective confidence. Some investors see XRP as an opportunity tied to regulatory clarity, while others view it as undervalued compared to recent peaks. Strong network activities and increasing liquidity in index funds also help enhance its appeal.
Solana benefits from a different narrative, as its high transaction speed and active usage on the blockchain keep market focus on it during transformation periods. These flows indicate that investors are not entirely exiting the market, but reallocating their investments. Instead of general risk behavior, the market chooses specific positions.
What does this mean for the future?
Flows in $XRP instant funds often reflect institutional investor behavior. When money moves, it sends clear signals. On January 22, the signal was clear: Bitcoin and Ethereum are under pressure, while XRP and Solana attracted interest. If this trend continues, alternative currency index funds may see more steady demand, while Bitcoin and Ethereum may need stronger catalysts to reverse outflows. Currently, capital is cautious but still active, and XRP is quietly returning to the radar.