XRP and SOL ETF demand plunges as weekly inflows drop over 94%
Demand for spot XRP and SOL ETFs in the US weakened sharply last week, signaling a significant slowdown in institutional appetite for the two assets.
XRP ETFs recorded $4.74 million in net inflows, down about 94% from $75.59 million the previous week. Despite the decline, XRP ETFs maintained a 12-week streak of positive net inflows. However, the products saw two consecutive sessions with no inflows and recorded $3.28 million in outflows on October 3, marking their first net outflow since September 18.
SOL ETFs saw an even steeper decline. After attracting $188.22 million the previous week, inflows fell to just $2.43 million last week, a drop of more than 97%. Despite the sharp slowdown, SOL ETFs remained in positive territory overall.
The weaker ETF flows come as both XRP and SOL face price pressure, highlighting a notable cooling in institutional demand for the two cryptocurrencies in the short term.
Demand for spot XRP and SOL ETFs in the US weakened sharply last week, signaling a significant slowdown in institutional appetite for the two assets.
XRP ETFs recorded $4.74 million in net inflows, down about 94% from $75.59 million the previous week. Despite the decline, XRP ETFs maintained a 12-week streak of positive net inflows. However, the products saw two consecutive sessions with no inflows and recorded $3.28 million in outflows on October 3, marking their first net outflow since September 18.
SOL ETFs saw an even steeper decline. After attracting $188.22 million the previous week, inflows fell to just $2.43 million last week, a drop of more than 97%. Despite the sharp slowdown, SOL ETFs remained in positive territory overall.
The weaker ETF flows come as both XRP and SOL face price pressure, highlighting a notable cooling in institutional demand for the two cryptocurrencies in the short term.