XRP ETFs Resume Winning Streak While SOL Funds Stay in Red

XRPXRP+0.59% ETFs Bounce Back Into Positive Territory

Spot XRP funds recently experienced a slight bump in their long-running rally. For the first time in three months, the funds recorded weekly net outflows of $1.84 million.

However, that brief downward trend did not last long. Institutional buyers returned mid-week to push fund balances back into the green.

The business week started quietly. Both Monday and Tuesday saw flat institutional activity with $0.00 in reportable flows.

Inflows resumed on Wednesday, bringing in just under $710,000. This buying coincided with XRP's market price rising to nearly $1.40.

Inflow momentum grew stronger on Thursday as investors added $3.55 million to the funds. According to SoSoValue data, this was the best single-day performance since October 8.

Even though Friday ended with $0.00 in reportable flows, the weekly gain was firmly secured.

Total cumulative net inflows for XRP ETFs reached an all-time high of $1.8 billion as the products approach their one-year mark.

Past performance of digital assets or fund metrics is not an indicator of future results. You can view current market prices on Bitkub Market.

SolanaSOL-1.65% Funds Suffer Third Week of Outflows

While XRP funds recovered, funds tracking Solana (SOL) faced a harder landscape. The token's ETF products logged their third straight week of net outflows.

This drop follows a strong run. SOL ETFs enjoyed 14 consecutive weeks of positive gains starting from July 2 through October 2.

The streak ended in October. During the first full week of the month, investors withdrew $24.81 million from SOL funds.

The following week brought $25.52 million in net withdrawals. This marked the highest single-week outflow on record for SOL ETFs.

The daily breakdown for the recent week showed continued selling pressure:

• Monday: $6.72 million in net outflows
• Tuesday: $2.65 million in net outflows
• Wednesday: $585,300 in net inflows (the first green day since Oct 2)
• Thursday: $8.51 million in net outflows

Data from SoSoValue and Farside through Thursday showed total weekly net outflows reaching $17.30 million. Friday (October 23) data was not yet available at the time of reporting.

Because of these steady withdrawals, total cumulative inflows for SOL funds fell from $1.61 billion on October 2 down to $1.54 billion by October 22.

During this period, SOL's price stalled after climbing above $110. The asset is currently fighting to hold its ground above the $100 price level.

Key Takeaways for Crypto Investors

Tracking institutional fund flows offers clear visibility into market trends. While XRP products have attracted fresh capital, Solana products are working through a cool-off period.

Crypto assets and related fund products experience ongoing volatility. Capital flows can turn positive or negative quickly depending on wider economic conditions.