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Bearish sentiment remained entrenched across the broader crypto market as products linked to Bitcoin, Ethereum, and XRP all recorded significant withdrawals. In total, outflows reached $1.73 billion, marking the largest weekly withdrawal since mid-November 2025.
Bitcoin led the decline with approximately $1.09 billion in outflows, followed by Ethereum at $630 million. XRP also followed the broader market trend, posting $18.2 million in outflows and ranking as the third-largest contributor behind Bitcoin and Ethereum. 

Notably, this move coincided with reports that spot XRP ETFs recorded their largest single-day outflows since launch. On January 20, 2026, approximately $53.32 million exited spot XRP ETFs. Grayscale’s XRP ETF accounted for nearly all of the pressure, reporting $55.39 million in outflows, while Franklin’s XRP ETF partially offset the decline with a $2.07 million inflow.
While ETF products quickly reversed course and resumed attracting capital, the rebound was insufficient to offset the weekly outflows across XRP investment products. Despite the weekly exit, XRP investment products still boast around $89.9 million in month-to-date flows.

Nonetheless, XRP’s outflows are part of a systemic market retreat driven by macroeconomic factors, particularly the U.S.-EU trade war.
Compared to Bitcoin and Ethereum, XRP’s outflows were relatively modest. This suggests that while investor sentiment turned defensive, capital flight from XRP has been more restrained. 
Meanwhile, XRP, Bitcoin, and Ethereum were not the only cryptocurrencies that posted outflows last week. Multi-asset and Sui saw roughly $15.5 million and $6 million in outflows, respectively. 
Compared to Bitcoin and Ethereum, XRP’s outflows were relatively modest. This suggests that while investor sentiment turned defensive, capital flight from XRP has been more restrained.
Meanwhile, XRP, Bitcoin, and Ethereum were not the only cryptocurrencies that posted outflows last week. Multi-asset and Sui saw roughly $15.5 million and $6 million in outflows, respectively.
#XRP #StrategyBTCPurchase #USIranStandoff #Xrp🔥🔥

#BTCVSGOLD In the bustling halls of the Asian Financial Forum, a panel discussion titled “Global Spectrum – Gold Exchange” captured the excitement surrounding Hong Kong’s evolving role in the international gold market. Moderated by legislator Robert Lee, the session featured industry heavyweights: James Emmett, CEO of MKS PAMP SA; David Tait, CEO of the World Gold Council; Cheuk Wong, Head of Macro Trading Asia for HSBC’s Markets and Securities Services; and Zhu Jing, General Manager of Global Markets at Bank of China (Hong Kong). Their insights, delivered amid gold prices surging past $5,100 per ounce, underscored a pivotal moment for the city, one amplified by a groundbreaking announcement just a day prior.

On January 26, 2026, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) inked a memorandum of understanding (MOU) with the Shanghai Gold Exchange (SGE). This pact aims to forge a robust gold trading ecosystem, complete with a cross-border clearing platform. At its core is the establishment of the Hong Kong Precious Metals Central Clearing Company (HKPMCC), a city government-owned entity chaired by Secretary for Financial Services and the Treasury Christopher Hui Ching-yu. A representative from the SGE will serve as deputy chairman, providing expertise on system design and regulatory frameworks. The agreement also explores adopting the SGE’s advanced physical warehousing system in Hong Kong, offering secure gold management for local and global participants while strengthening ties between on-exchange and over-the-counter (OTC) trading.

This development isn’t just bureaucratic fine print; it’s a strategic leap toward positioning Hong Kong as a global gold trading powerhouse. As Lee noted in his opening remarks, gold trading has deep roots in Hong Kong, spanning decades with jewelers, multinational corporations, SMEs, refineries, and investment firms. Yet, the current momentum stems from a “concerted effort” by the HKSAR government, as outlined in the Chief Executive’s policy address. Initiatives include expanding gold storage facilities, refineries, central clearing systems, investment channels like tokenization, and even forming a trade association for the industry.

The panelists echoed this enthusiasm, painting a picture of Hong Kong’s unique advantages: its world-class financial services, talent pool, legal system, and proximity to mainland China. But the MOU with Shanghai stands out as a game-changer, bridging onshore and offshore markets in ways that could redefine gold’s role in global finance, particularly in the digital asset era.
#USIranStandoff