The capital flow of XRP spot ETF has experienced a key turning point. After 36 consecutive days of net inflow, a net outflow appeared for the first time on January 7th — a total outflow of $40.8 million from five related funds. Although this shift may seem subtle, it often reflects deeper market dynamics. Signs of short-term capital rotation are emerging, and investors' risk appetite and asset allocation strategies may be adjusting. Such small-scale reverse flows usually indicate subtle changes in market sentiment, and it is worth closely monitoring the continued performance of ETF funds.