Spot XRP exchange-traded funds returned to positive net inflows after breaking a prior three-month growth streak, even as spot Solana (SOL) products logged a third consecutive week of capital redemptions totaling $17.30 million through Thursday.
XRP ETFs Recover With $3.55M Inflow Boost
After recording $1.84 million in net outflows during the previous week—marking their first negative week in three months—spot XRP ETFs stabilized. Data from SoSoValue shows that the funds registered zero reportable flows on Monday and Tuesday before pulling in just under $710,000 on Wednesday. That capital influx coincided with XRP rising toward $1.40, though the token subsequently faced selling pressure, echoing market movements where an XRP rejection at $1.40 drives price back to lower support.
Institutional demand strengthened further on Thursday as investors deposited $3.55 million into spot XRP products, representing the single-largest daily inflow since October 8. Although Friday registered $0.00 in reportable flows, total cumulative net inflows for XRP ETFs remained at all-time high levels of $1.8 billion as the products approach their first anniversary.
Solana ETFs Lose $17.3M as Outflow Streak Extends
In contrast to XRP, spot Solana ETFs extended their recent downward trajectory. Data compiled by SoSoValue and Farside reveals that SOL products suffered $17.30 million in net outflows across the four business days ending Thursday:
- Monday: Net outflows of $6.72 million.
- Tuesday: Net outflows of $2.65 million.
- Wednesday: Net inflows of $585,300 (the first positive daily flow since October 2).
- Thursday: Net outflows of $8.51 million.
This negative period follows a 14-week streak of consecutive positive inflows from the week ending July 2 to the week ending October 2. Capital flows flipped during the first full week of October with $24.81 million in redemptions, followed by a record weekly drawdown of $25.52 million.
Consequently, cumulative total net inflows into SOL funds dropped from $1.61 billion on October 2 to $1.54 billion by October 22. During this drawdown, SOL's spot price encountered resistance above $110 and is currently struggling to maintain support above $100. The divergence between asset classes mirrors wider institutional flow patterns seen when Bitcoin ETFs pulled in $304M as Ethereum funds suffered outflows.
Key Takeaways
- XRP ETF Recovery: XRP funds registered a $3.55 million daily inflow on Thursday, preserving cumulative net inflows at a record $1.8 billion.
- Solana Outflow Streak: SOL ETFs logged $17.30 million in weekly net outflows through Thursday, lowering total cumulative inflows to $1.54 billion.
- Price Level Defenses: XRP tested $1.40 before stalling, while SOL dropped from above $110 to test critical support at $100.
Why It Matters
The split in institutional demand between spot XRP and Solana funds points to shifting investor preferences among top altcoins. While XRP quickly absorbed its brief period of profit-taking to maintain record cumulative inflows near $1.8 billion, Solana products are undergoing an extended institutional cool-down after 14 straight weeks of expansion. Market participants will watch whether SOL can defend the $100 psychological floor to arrest ETF redemptions, or if XRP ETF inflows can catalyze a sustained price breakout above $1.40.
