XRP ETFs buck Bitcoin, Ethereum declines as investors pull funds

Market Overview

The 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.

Bitcoin Outflows

Bitcoin ETFs recorded $681.1 million in net withdrawals, while Ethereum products shed $542.07 million and Solana funds lost $24.81 million. Bitcoin buying loses momentum as Ethereum withdrawals deepen Bitcoin’s $681.1 million weekly outflow followed $241.09 million of inflows the previous week, a $922.19 million swing in investor demand.

Ethereum Reversal

Ethereum recorded its largest weekly outflow since January. Its ETFs lost $542.07 million, nearly four times the previous week’s $138.02 million outflow, with withdrawals recorded in all five sessions. Tuesday’s $201.89 million outflow and Wednesday’s $160.77 million accounted for about 67% of the weekly withdrawals.

Solana’s Streak Ends

Solana ETFs, which recorded $24.81 million in weekly redemptions, their first negative week since June. All five trading sessions registered withdrawals. Monday’s $9.25 million was the largest daily loss, followed by $4.80 million on Wednesday, while the remaining sessions also ended below zero.

XRP ETFs Continue to Attract Capital

XRP funds provided the exception. They attracted $11.31 million during the week, more than double the prior week’s $4.74 million, extending their run to 13 consecutive weeks of inflows. The additions came on Tuesday, when XRP products drew $3.14 million, and Thursday, when they received $8.17 million. The other three sessions recorded no net flows.