Weekly demand for spot XRP and Solana (SOL) exchange-traded funds (ETFs) plummeted drastically over the past five-day trading session, according to data from SoSoValue. Despite preserving multi-week positive inflow streaks, net weekly capital into XRP ETFs plunged 94%, while SOL ETFs experienced a 97% collapse in institutional inflows.
XRP ETF Inflows Fall 94% Despite 12-Week Streak
Although spot XRP ETFs recorded their 12th consecutive week of positive net flows, total weekly capital dropped from $75.59 million in the week ending September 25 to $4.74 million. The trading week opened with nearly $4 million in net buys on Monday, but demand stalled with $0.00 recorded on both Tuesday and Wednesday.
Investors returned on October 1 with $4.07 million in net inflows before sentiment turned negative on Friday, triggering $3.28 million in net outflows. This marked the first negative flow day for XRP ETFs since September 18. In the spot market, XRP faced resistance twice at $1.55 before dropping to $1.45 on Friday during a broader market pullback, later recovering toward the $1.50 level. Meanwhile, institutional attention around Ripple's XRPL upgrades remains a key narrative for long-term traders.
Solana ETF Capital Flows Collapse 97%
The decline in institutional interest was even sharper for spot Solana ETFs, which saw weekly net inflows collapse over 97% from $188.22 million to $2.43 million. The week started strong with $12.70 million in net inflows on Monday and $5.44 million on Tuesday.
However, investor sentiment reversed midweek as net redemptions reached $11.10 million on Wednesday and $5.91 million on Thursday. A minor reversal on Friday with $1.30 million in net inflows narrowly kept the weekly total positive. Amid wider market movements similar to trends seen in spot Bitcoin and Ethereum ETF flows, SOL dropped below $118 on Friday after peaking above $123 earlier in the week, before rebounding to $129.
Key Takeaways
- XRP ETF weekly net inflows fell 94% from $75.59 million to $4.74 million, extending their positive streak to 12 weeks.
- XRP ETFs suffered $3.28 million in outflows on Friday, marking their first red day since September 18.
- Solana ETF weekly inflows plummeted 97% from $188.22 million to $2.43 million.
- Midweek redemptions hit SOL ETFs hard, with $11.10 million pulled on Wednesday and $5.91 million on Thursday.
- XRP traded around $1.50 after dipping to $1.45, while SOL rebounded to $129 after dropping under $118.
Why It Matters
The dramatic slowdown in XRP and SOL ETF allocations demonstrates how quickly institutional appetite can cool during mid-week market corrections. While both product suites managed to avoid net-negative weekly totals, the heavy reliance on early-week buys highlights fragile conviction among institutional allocators. Traders should monitor whether these lower flow levels reflect a brief pause in asset allocation or the beginning of sustained institutional fatigue across major altcoin investment vehicles.
