XRP Spot ETF experienced divergence yesterday (January 7th, Eastern Time): the overall market saw a net outflow of $40.8 million, but the performance of different products varied significantly.

21Shares XRP ETF (TOXR) faced the heaviest pressure, with a single-day net outflow of $47.25 million. Although the total net outflow historically is only $8.18 million, recent selling pressure has clearly increased. In contrast, Bitwise XRP ETF performed relatively better, with a net inflow of $2.44 million yesterday, accumulating a total net inflow of $288 million, indicating that institutional investors continue to be actively allocated to this product.

From a scale perspective, the total net asset value of XRP spot ETFs has reached $1.53 billion. The short-term net outflow may reflect some investors taking profits, but the continued inflow into Bitwise products also suggests that market sentiment remains bullish on XRP assets in the long term. The uneven hot and cold performance of these two mainstream products warrants attention to the specific future trends of institutional allocations.