Spot Ripple (XRP) exchange-traded funds (ETFs) snapped a 13-week streak of consecutive positive inflows last week after recording $1.84 million in net weekly withdrawals, while Solana (SOL) funds suffered their worst weekly outflows on record at $25.52 million.
XRP ETFs End 13-Week Inflow Streak
The turn in institutional sentiment for XRP financial vehicles marked the end of a green streak dating back to the week ending July 10. Just three weeks prior, spot XRP products had gathered major weekly net inflows exceeding $75 million.
Trading began quietly with $0.00 in reportable net flows on Monday and Tuesday. Activity picked up on Wednesday when funds recorded positive net flows of just over $740,000, despite the release of hotter-than-expected U.S. inflation data. However, redemptions took over on Thursday with $104,510 pulled from the products, followed by Friday's net outflow of $2.47 million. The underlying asset experienced significant pressure as XRP was rejected at $1.40 before plummeting to find support near $1.27, following a pattern seen as XRP dropped to a monthly low.
Solana Funds Suffer Record Weekly Redemptions
Solana ETFs fared even worse, extending their consecutive outflow streak to ten days and setting a new record for weekly redemptions at $25.52 million. This surpassed the previous weekly negative record of $24.81 million.
Since September 29, SOL ETFs have generated only one positive trading session, when investors added a modest $1.30 million on October 2. On Friday alone, SOL funds shed over $12.6 million. Over a two-week span, total cumulative net inflows for Solana funds dropped from $1.62 billion to $1.56 billion. In tandem with fund redemptions, SOL faced resistance at $110 before falling to test the $101-$102 range on multiple occasions.
Key Takeaways
- XRP ETFs registered $1.84 million in net weekly outflows, breaking a 13-week positive run that began after July 10.
- Solana ETFs set a record weekly net outflow of $25.52 million, beating the prior high of $24.81 million.
- Friday saw $2.47 million exit XRP funds and over $12.6 million bleed from SOL funds.
- Total SOL ETF cumulative inflows declined from $1.62 billion to $1.56 billion in two weeks.
Why It Matters
The sharp reversal in XRP and SOL fund flows reflects a broader turn toward risk aversion across institutional altcoin products, mirroring ongoing pressure seen when crypto funds experience heavy weekly outflows. For Solana, persistent redemptions near the $100 psychological price level indicate how institutional distribution can weigh on spot liquidity during market corrections. Traders should watch whether XRP holds its $1.27 support floor or if continued ETF redemptions trigger deeper spot market liquidations.
