XRP and Dogecoin ETFs both rise over 20%, institutional and retail funds flow back in sync in early 2026

In the first week of 2026, the US spot XRP ETF and Dogecoin ETF performed strongly, with weekly gains exceeding 20%, making them some of the most watched assets in the crypto market. The ETFs continued to attract capital inflows, coupled with a rebound in overall market risk appetite, which drove XRP and DOGE to significantly outperform the market in the early stage of the year.

Data shows that the capital inflow into the XRP spot ETF has maintained positive growth for 33 consecutive days. On January 2 alone, the net inflow into the XRP ETF reached $13.59 million, bringing its total net assets to $1.37 billion. Since its listing in mid-November 2025, the XRP ETF has hardly experienced any significant capital withdrawals, indicating that institutional investors still highly recognize the long-term value of XRP, even amid phase-out flows from other crypto ETFs.

The Dogecoin spot ETF shows a different rhythm. After weeks of low trading activity, inflows rebounded noticeably on January 2, with a single-day net inflow of about $2.3 million, pushing the ETF’s total assets to $8.34 million. Although still smaller than the XRP ETF, the trading activity of the DOGE ETF has significantly improved compared to its sluggish state in December 2025, reflecting a marginal shift in market sentiment.

In terms of price, XRP gradually rose after regaining a key support near $2, easing the previous downward pressure. The short-term target is around $2.30. Dogecoin, driven by the overall rebound of meme coins, bounced from a low of $0.13 to around $0.14, with its high-beta nature attracting short-term capital inflows.

It is worth noting the amplifying effect of leveraged products. Bloomberg ETF analyst Eric Balchunas pointed out that the 2x leveraged Dogecoin ETF led the US crypto ETF market in early 2026, with particularly prominent short-term gains, indicating that retail risk appetite is rebounding.

Overall, XRP continues to attract institutional capital through spot ETFs, with liquidity tightening; while Dogecoin is more driven by sentiment and momentum, with volatility increasing under leverage and retail participation. Together, they outline the structural characteristics of the early 2026 crypto ETF market: “institutional steady allocation + high-risk speculation.”