XRP and Solana ETFs Hold Firm Amid Bitcoin and Ether Outflows
Recent inflows into BTC, ETH, XRP, Solana, and Dogecoin ETFs mark a rebound from year-end tax selling, indicating renewed institutional momentum in crypto fund markets.
Following a rebound from year-end tax-related selling, ETFs tracking Bitcoin, Ethereum, XRP, Solana, and Dogecoin saw renewed inflows last week, signaling a resurgence in institutional demand. U.S. spot Bitcoin ETFs led with $355 million in net inflows, ending a seven-day streak of withdrawals. This contrasts with prior weeks when CoinShares reported persistent outflows from Bitcoin and Ethereum funds offset by gains in XRP and Solana ETFs. Franklin Templeton’s XRP ETF continued to hold over 101 million tokens valued near $192.68 million, while Solana ETFs maintained positive momentum, underscoring varying investor sentiment across digital assets.
- Exchange-Traded Fund (ETF): A financial product that tracks the value of an underlying asset or group of assets and trades on traditional stock exchanges.
- XRP: A digital currency used on the Ripple network for fast, low-cost international payments.
- Spot Bitcoin ETF: An ETF that directly holds Bitcoin rather than derivatives, providing investors with real-time price exposure to the cryptocurrency.