The first full trading week of 2026 has shown a dramatic "ice and fire" pattern in the cryptocurrency ETF market. According to SoSoValue data, the US spot Bitcoin ETF experienced a net outflow of up to $681 million, and the spot Ethereum ETF also saw $68.6 million in funds withdraw, totaling nearly $750 million in losses. However, in stark contrast, the spot XRP ETF recorded a net inflow of $38.1 million and hit a weekly trading volume of $219 million, the highest since its launch; the spot SOL ETF also received a net inflow of $41.1 million. This significant divergence not only reflects a rotation of market funds from large-cap blue chips to specific altcoins but also indicates that institutional investors are making more refined allocation adjustments within the crypto ecosystem. XRP, with its unique compliant status and relative valuation advantages, is becoming a new focal point for attracting capital.