Key Highlights
- Spot XRP ETFs recorded $4.74 million in weekly net inflows, maintaining a 12-week positive streak despite a 94% drop compared to the previous week’s $75.59 million.
- Spot Solana (SOL) ETFs witnessed a severe 97% decline in weekly net inflows, plummeting from $188.22 million to $2.43 million.
- Both underlying tokens faced price turbulence during Friday’s market-wide downturn, with XRP dropping to $1.45 before targeting $1.50, while SOL fell below $118 before recovering to $129.
XRP ETFs Extend 12-Week Winning Streak Despite Sharp Inflow Contraction
Institutional interest in exchange-traded funds tracking XRP managed to remain in positive territory, though momentum slowed down significantly compared to late September. Market participants deployed $4.07 million into spot XRP ETFs on October 1, effectively breaking a two-day stagnation. However, positive sentiment hit a wall by Friday, which saw $3.28 million in net outflows. This marked the very first day of net redemptions for spot XRP investment vehicles since September 18.
Despite the end-of-week pullback, spot XRP funds closed the five-day trading period with total net inflows of $4.74 million. This allowed the products to extend their consecutive weekly inflow run to 12 straight weeks. Nevertheless, data tracking institutional participation shows a staggering 94% drop compared to the prior five-day period ending September 25, when these investment vehicles pulled in a robust $75.59 million.
Solana Funds Suffer 97% Plunge Following Mid-Week Outflows
While XRP funds experienced a noticeable pullback, spot Solana (SOL) ETFs faced an even steeper drop in capital commitments. Just one week after logging their second-best performance on record—with $188.22 million entering the funds—the spot Solana products saw their five-day performance plunge by more than 97%, finishing the week at just $2.43 million.
The weekly total was particularly weak considering how strongly the trading period opened. Institutional vehicles recorded $12.70 million in net inflows on Monday and another $5.44 million on Tuesday. However, allocations took a negative turn mid-week. Outflows hit the funds on Wednesday with redemptions totaling $11.10 million, followed by an additional $5.91 million exiting on Thursday. A modest turnaround on Friday, which brought in $1.30 million in net inflows, was ultimately just enough to rescue the weekly streak from falling into net-negative territory.
Market Correction Triggers Volatility Across XRP and SOL Prices
The sudden drop in ETF inflows aligned closely with price weakness across underlying crypto markets. XRP faced strong resistance throughout the week, getting rejected twice around the $1.55 price ceiling. During Friday’s broader market correction, XRP dipped down to $1.45. It has since clawed back a portion of those losses and is currently battling to maintain support around the $1.50 threshold.
Solana followed a parallel trajectory of mid-week gains disrupted by late-week market corrections. After rallying above $123 mid-week, the Friday slide knocked SOL below the $118 mark. Following the drop, a swift rebound lifted SOL back toward the $129 level.
Why This Matters
The sharp contraction in weekly inflows for both XRP and Solana ETFs illustrates how sensitive institutional capital remains to short-term market corrections. Even though both product categories maintained multi-week streaks of net inflows, the steep drop-offs—down 94% for XRP and 97% for Solana—show that institutional buyers quickly moved to the sidelines when market momentum stalled. How these funds navigate future rejections at key technical price points, such as $1.55 for XRP and mid-week peaks for SOL, will provide critical clues regarding sustained institutional demand for altcoin ETFs heading into the fourth quarter.
Frequently Asked Questions
Did XRP ETFs lose their positive weekly inflow streak?
No. Despite recording a single-day outflow of $3.28 million on Friday and suffering a 94% decline from the previous week’s total, spot XRP ETFs generated $4.74 million in weekly net inflows, extending their consecutive green streak to 12 weeks.
How much did spot Solana ETF inflows drop compared to their previous performance?
Spot Solana ETFs experienced a 97% drop in weekly net inflows, tumbling from $188.22 million during their second-best week on record down to $2.43 million over the latest five-day trading period.
What were the lowest price levels reached by XRP and SOL during the Friday correction?
During the market downturn on Friday, XRP declined to a low of $1.45 before recovering toward $1.50, while Solana dropped beneath $118 before rebounding back over the $129 mark.
