XRP ETFs extend a 13-week inflow streak as Bitcoin, Ethereum and Solana funds shed $1.25 billion
US-listed XRP ETFs extended their inflow streak to 13 weeks as Bitcoin, Ethereum and Solana funds suffered nearly $1.25 billion in combined withdrawals during the week ended Oct. 9. Bitcoin ETFs recorded $681.1 million in net withdrawals, while Ethereum products shed $542.07 million and Solana funds lost $24.81 million, according to SoSoValue’s Bitcoin, Ethereum and […] The post XRP ETFs extend a 13-week inflow streak as Bitcoin, Ethereum and Solana funds shed $1.25 billion appeared first on CryptoSlate.
US-listed XRP ETFs extended their inflow streak to 13 weeks as Bitcoin, Ethereum and Solana funds suffered nearly $1.25 billion in combined withdrawals during the week ended Oct. 9.
Bitcoin ETFs recorded $681.1 million in net withdrawals, while Ethereum products shed $542.07 million and Solana funds lost $24.81 million, according to SoSoValue’s Bitcoin, Ethereum and Solana tables. XRP ETFs added $11.31 million, leaving the four groups with combined net redemptions of about $1.24 billion.
The divergence ended three weeks of Bitcoin ETF inflows and Solana’s 14-week positive streak.
Ethereum recorded its largest weekly outflow since January.
Bitcoin’s $681.1 million weekly outflow followed $241.09 million of inflows the previous week, a $922.19 million swing in investor demand.
Redemptions were concentrated in two sessions. Investors withdrew $487.07 million on Wednesday and another $244.13 million on Thursday. A $21.13 million inflow on Friday provided some relief, but left the funds with their first negative week since the week ended Sept. 11.
CryptoQuant’s weekly netflow chart also shows withdrawals in the latest week.
Bitcoin-focused research platform Ecoinometrics’ Oct. 9 chart placed rolling 30-day ETF inflows at roughly 30,000 to 40,000 BTC and marked demand as slowing.