Spot XRP and Solana ETFs Face Outflow Streak

Shift in Market Sentiment for XRP and SolanaSOL-1.54% ETFs

Crypto markets move fast, and institutional sentiment can change in a heartbeat. Just a few weeks ago, investment funds tracking RippleXRP-1.53% and Solana (SOL) were celebrating major inflows and reaching local record highs.

Today, the landscape looks quite different. Spot XRP ETFs just posted their first weekly net outflow in months. Meanwhile, Solana funds extended a frustrating losing streak to ten consecutive trading days.

Tracking fund flows offers valuable insight into how institutional investors view the market. Let us dive into what the latest figures reveal about both products.

Understanding Spot Crypto ETFs and Net Flows

Before diving into the numbers, it helps to understand how spot exchange-traded funds (ETFs) function in the crypto ecosystem.

A spot crypto ETF allows traditional investors to trade digital asset funds through standard brokerage accounts without needing to hold private keys directly.

When an ETF sees net inflows, it means investors are depositing more cash into the fund than they are taking out. This prompts fund managers to buy more underlying cryptocurrency. Conversely, net outflows mean investors are withdrawing cash, forcing fund managers to sell crypto assets.

Spot XRP ETFs End 13-Week Streak of Positive Inflows

Spot XRP funds recently wrapped up a difficult trading week. Total net withdrawals reached $1.84 million across the five-day trading period.

This ended a remarkable 13-week run of continuous green weeks. The last time XRP funds experienced a net negative week was back on July 10.

The shift in investor appetite is striking. Just three weeks prior, spot XRP ETFs attracted over $75 million in net inflows during a single week, showing how quickly institutional positioning can adjust.

Day-by-Day Breakdown of XRP Fund Activity

Here is how the five-day trading week unfolded for spot Ripple funds:

• Monday and Tuesday: Capital flows remained entirely stagnant, registering $0.00 in net flows.
• Wednesday: Funds attracted roughly $740,000 in net inflows, surprisingly occurring alongside hotter-than-expected US inflation data.
• Thursday: Institutional sentiment reversed, leading to $104,510 in net redemptions.
• Friday: The single largest transaction day of the week saw $2.47 million in positive net inflows.

Despite Friday's positive turnaround, the mid-week losses and overall quiet trading resulted in a net weekly balance of $1.84 million in withdrawals.

XRP Price Action and Support Levels

The slowdown in ETF flows mirrored price movements for the token itself over the same timeframe.

XRP faced resistance at $1.40 early in the week. Selling pressure pushed the asset down to $1.27, where it found temporary support over the weekend.

While short-term price levels hold for now, crypto assets remain inherently volatile, and institutional capital flows can influence spot market liquidity.

Past performance of digital assets or financial products does not guarantee future results. To track live market data, visit bitkub.com/th/market/XRP.

Solana ETFs Hit Record High Outflows

While XRP funds experienced a minor dip, spot Solana ETFs faced much heavier cumulative selling pressure.

Solana funds closed out their worst week on record, recording $25.52 million in net outflows.

This beats the previous weekly outflow record of $24.81 million set just one week earlier, marking a challenging period for SOL-focused institutional products.

Solana's 10-Day Outflow Streak

The persistent selling has created a prolonged streak of negative flows for SOL investment products:

• Ten-day negative streak: Solana ETFs recorded net outflows across ten consecutive trading days.
• Single positive day: Since September 29, the funds have logged only one green day—October 2—with modest inflows of $1.30 million.
• Friday sell-off: Over $12.6 million exited Solana funds on Friday alone.
• AUM impact: Total cumulative net inflows for SOL funds declined from $1.62 billion down to $1.56 billion in just two weeks.

Solana Price Action and the $100 Benchmark

Heavy ETF redemptions coincided with price declines in the spot market for Solana.

SOL was rejected at the $110 price point during the week and pulled back to test the $101-$102 range on multiple occasions.

Looking ahead under a scenario-based perspective: If institutional fund redemptions and broader market selling persist, SOL could potentially test price support below $100. Conversely, if institutional buying resumes and macro market conditions improve, holding above $100 could provide a foundation for price stabilization.

Macro Factors: Inflation and Institutional Risk Appetite

To understand why institutional investors stepped back, it is important to look at the macroeconomic environment.

Recent economic reports indicated higher-than-expected inflation figures in major markets.

When inflation remains sticky, central banks tend to keep interest rates elevated for longer. Higher interest rates increase yields on traditional low-risk assets like government bonds, which often leads institutional investors to temporarily scale back allocations to higher-risk asset classes like cryptocurrencies.

Summary and Key Takeaways

The past week reflected a noticeable shift in institutional fund flows for major altcoins:

• XRP ETFs: Broke a 13-week green streak with $1.84 million in net weekly withdrawals.
• Solana ETFs: Posted a record $25.52 million weekly outflow amidst a 10-day negative streak.
• Macro impact: Warmer inflation data dampened institutional appetite for risk-on assets.
• Technical levels: XRP held support near $1.27, while SOL tested levels near $101-$102.

Digital asset markets are driven by rapidly changing sentiment and macroeconomic data. Investors should maintain a balanced view and manage risk accordingly.

Past performance of digital assets or financial products does not guarantee future results. To track live prices and market data, visit bitkub.com/th/market/XRP and bitkub.com/th/market/SOL.