US-listed crypto exchange-traded funds recorded combined net redemptions of about $1.24 billion during the week ended Oct. 9, as institutional investors pulled capital from major digital asset products. While funds tracking Bitcoin, Ethereum, and Solana suffered nearly $1.25 billion in aggregate withdrawals, XRP ETFs defied the trend by capturing $11.31 million in net additions, extending their positive run to 13 consecutive weeks.
Key ETF Flow Takeaways
- Combined Redemptions: US spot crypto products registered $1.24 billion in net outflows for the week.
- Bitcoin Reversal: Bitcoin ETFs shed $681.1 million, ending a three-week stretch of positive flows.
- Ethereum Sell-Off: Ethereum ETFs lost $542.07 million, recording their worst weekly outflow since January.
- Solana Interrupted: Solana funds lost $24.81 million, snapping a 14-week inflow streak.
- XRP Growth: XRP funds gained $11.31 million, more than doubling the prior week's $4.74 million inflow.
Bitcoin and Ethereum Experience Sharp Capital Reversals
The $681.1 million pulled from Bitcoin ETFs represented a dramatic $922.19 million swing from the $241.09 million in net inflows recorded the previous week, mirroring broader market anxiety seen during past Bitcoin ETF outflow periods. According to SoSoValue data, redemptions were concentrated on Wednesday, when investors withdrew $487.07 million, and Thursday, which saw $244.13 million in outflows. A modest $21.13 million inflow on Friday was not enough to prevent the products from posting their first negative week since Sept. 11. Chart data from Ecoinometrics on Oct. 9 placed rolling 30-day ETF demand at 30,000 to 40,000 BTC, signaling a clear deceleration in momentum. Total Bitcoin ETF net assets dropped to $105.84 billion from $108.89 billion.
Ethereum ETFs suffered an even steeper decline proportional to their size, shedding $542.07 million across five consecutive negative trading sessions. The heavy selling reflected ongoing Ethereum ETF selling pressure, with Tuesday's $201.89 million loss and Wednesday's $160.77 million redemption accounting for roughly 67% of total weekly outflows. The persistent redemptions reduced cumulative net inflows since launch to $13.26 billion (down from $13.80 billion) and pulled total net assets down to $15.71 billion from $17.46 billion.
Solana Outflows End Streak as XRP Attracts Capital
Solana ETFs recorded $24.81 million in weekly redemptions, marking their first negative week since June and breaking a 14-week streak of sustained inflows. Losses occurred across all five sessions, led by a $9.25 million departure on Monday and $4.80 million on Wednesday. Total cumulative inflows for Solana products slipped to $1.58 billion, with net assets finishing at $1.73 billion.
XRP ETFs stood out as the sole positive sector, gaining $11.31 million. Capital arrived on Tuesday with $3.14 million and Thursday with $8.17 million, while the remaining sessions logged zero net flows. Cumulative inflows for XRP ETFs reached $1.80 billion, though total net assets still declined to $1.57 billion from $1.66 billion due to underlying token price movements.
Why It Matters
The sharp split between XRP and the broader market highlights institutional rotation toward alternative asset exposures during periods of macro uncertainty. While $11.31 million in XRP additions offsets less than 1% of the $1.25 billion drained from Bitcoin, Ethereum, and Solana, it underscores steady institutional accumulation despite broader risk-off behavior. Investors should monitor whether Friday's minor Bitcoin rebound signals a temporary bottom or if persistent capital flight from Ethereum will continue to weigh on institutional sentiment.
