XRP ETF Inflows Streak Ends Amid Bitcoin and Ethereum Withdrawals
Key Summary
US-listed XRP exchange-traded funds (ETFs) ended a 13-week inflow streak as investors withdrew nearly $576 million from four major cryptocurrency ETF categories, with Ethereum accounting for 56% of weekly net withdrawals and XRP funds recording $1.84 million in net redemptions.
Precedent & Market Context
Bitcoin ETF inflows have slowed significantly after a record-breaking surge, with investors pouring in just $232 million over 13 sessions, a stark contrast to the $1.7 billion influx seen previously. The sudden change in investor behavior may indicate a market correction or a shift in sentiment.
Main Event
US-listed XRP exchange-traded funds ended a 13-week inflow streak as investors withdrew nearly $576 million from four major cryptocurrency ETF categories. Data from SoSoValue showed that XRP funds recorded $1.84 million in net outflows during the week ended Oct. 16, reversing the $11.31 million inflows registered a week earlier. The withdrawal ended the longest active weekly inflow streak among the four categories, removing the last source of positive flows as Bitcoin, Ethereum and Solana funds continued losing capital.
Analysis & Market Impact
Ethereum accounted for 56% of weekly net withdrawals across the four tracked US ETF categories, with its $319.97 million loss smaller than the previous week's $542.07 million withdrawal but extending its losing streak to three consecutive weeks. Bitcoin ETFs recorded $228.58 million in net withdrawals, while Solana funds shed $25.52 million. The four categories saw $575.91 million in net outflows, bringing combined two-week withdrawals to about $1.81 billion. Weekly net withdrawals across the four categories slowed from approximately $1.24 billion the previous week.
Implications & Outlook
The slowdown comes as Bitcoin struggles to sustain its recovery above $80,000 amid mounting concerns about US monetary policy and the broader outlook for risk assets. CryptoQuant analyst Axel Adler noted that weekly outflows had eased to around 2,800 BTC, suggesting selling pressure was moderating even as institutional accumulation continued to slow. Bitcoin-focused research platform Ecoinometrics reached a similar conclusion, highlighting the deterioration in ETF buying since Bitcoin recovered above $80,000 in late September.
- US-listed XRP ETFs ended a 13-week inflow streak as investors withdrew nearly $576 million from four major cryptocurrency ETF categories.
XRP, Ethereum, Bitcoin, Solana, SoSoValue, CryptoQuant, Ecoinometrics
Layer 1 / Layer 2 Infrastructure