ETF flow data from January 26 paints a clear picture of rotation rather than broad risk-off behavior across crypto markets.
While Bitcoin and Solana ETFs recorded only marginal net inflows, Ethereum ETFs saw a notable rebound, and XRP stood out with a decisive surge in demand.
Key takeaways:
Bitcoin ETFs saw a small net inflow, signaling stabilization after persistent outflows.
Ethereum ETFs recorded a strong daily rebound, led by Fidelity inflows.
Solana ETFs remained quiet but positive, suggesting consolidation rather than distribution.
XRP ETFs saw the strongest signal of the day, with clear net inflows across issuers.
Bitcoin ETFs: Selling Pressure Eases
On January 26, Bitcoin ETFs recorded a modest net inflow of approximately $6.8 million, marking a pause after a prolonged stretch of heavy redemptions earlier in the month. While flows were mixed across issuers, the net result suggests that aggressive selling pressure may be subsiding.
Small inflows into select products were partially offset by mild outflows elsewhere, reinforcing the idea that investors are no longer exiting but remain cautious at current price levels. The data points to stabilization rather than renewed accumulation.
Ethereum ETFs: Clear Rebound in Flows
Ethereum ETFs delivered one of the more constructive signals of the day, posting a net inflow of roughly $117 million. The majority of this came from strong allocations into Fidelity’s Ethereum ETF, indicating renewed institutional interest after several volatile sessions.
This rebound suggests that investors are selectively adding ETH exposure, potentially viewing recent price weakness as an opportunity rather than a structural breakdown. Compared with Bitcoin, Ethereum flows showed greater conviction on the buy side.
Solana ETFs: Quiet but Positive
Solana ETFs saw small but positive net inflows of approximately $2.5 million on the day. While modest in size, the absence of meaningful outflows is notable given broader market volatility.
The data suggests that Solana exposure is being maintained rather than reduced, pointing to a period of consolidation. Investors appear comfortable holding existing positions while waiting for clearer directional signals.
XRP ETFs: The Standout Signal
XRP was the clear outlier on January 26. Spot XRP ETFs recorded net inflows of approximately $4.23 million, led by strong demand for Bitwise’s XRP ETF, alongside inflows into Canary and Franklin products.
Unlike Bitcoin and Ethereum, where flows remain mixed, XRP ETFs showed unambiguous net buying, suggesting growing confidence or speculative positioning around the asset. While still small in absolute terms, the consistency across issuers makes the signal difficult to ignore.
What the Flows Are Telling Us
The January 26 data reinforces a broader theme that has emerged throughout the month: capital is rotating, not leaving the crypto ETF complex. Investors are increasingly selective, favoring assets and setups where risk-reward appears more asymmetric.
Bitcoin appears to be transitioning from distribution to stabilization. Ethereum is attracting renewed inflows after drawdowns. Solana is holding steady. XRP, meanwhile, is capturing incremental attention as a relative outperformer in flow terms.
Taken together, the flows suggest a market that is repositioning rather than capitulating — a dynamic that often precedes more decisive moves once macro or narrative catalysts emerge.
For now, January 26 stands out as a session where selective conviction returned, even as caution remains firmly in place.
