Bitwise Solana ETF Tops $1.67M Inflow as Retail Sentiment Stays Bearish

XRP, Solana Spot ETFs Record Weekly Inflows While Bitcoin, Ethereum See Outflows

  • XRP and Solana spot ETFs recorded new net inflows last week, against a broader trend of withdrawals from Bitcoin and Ethereum funds.
  • XRP spot ETFs in the U.S. saw $13.2 million in net inflows, bringing cumulative net inflows to $1.07 billion, while Solana spot ETFs added $3.6 million, totaling over $742 million cumulatively.
  • Major outflows hit Ethereum spot ETFs, led by BlackRock’s ETHA, which lost $75.9 million last week, alongside $158 million withdrawn from Bitcoin spot ETFs, primarily from BlackRock’s IBIT.
  • Retail sentiment around most crypto ETFs, including those with inflows, stayed bearish according to Stocktwits social sentiment data.

XRP and Solana spot exchange-traded funds (ETFs) in the U.S. registered notable inflows over the past week, according to recent data, even as broader cryptocurrency funds for Bitcoin and Ethereum experienced significant outflows. This trend suggests some investors are favoring altcoin ETFs during a period of overall cautious sentiment in the market.

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Last week, net inflows into U.S.-listed XRP spot ETFs reached $13.2 million, totaling around $1.07 billion in cumulative net inflows. Trading volume for the period stood at $59 million. Despite these gains, retail sentiment about XRP products remained in the “bearish” range, as measured by Stocktwits. The 21Shares XRP ETF (TOXR) led single-day inflows with $4 million, followed by Canary Capital’s XRP ETF (XPRC), which received $1.4 million. In addition, the Grayscale XRP Trust ETF (GXRP) and Bitwise XRP ETF (XRP) brought in $968,000 and $560,000 respectively.

For Solana spot ETFs, net inflows were about $3.6 million in the past week, raising cumulative net inflows to over $742 million. These ETFs saw $35 million in trading volume. According to Stocktwits, retail sentiment around Solana ETFs also remained bearish, though prices showed a slight daily increase, with Solana trading near $127.

The Bitwise Solana ETF (BSOL) reported the largest one-day inflow in the Solana category at $1.7 million. Fidelity Solana ETF (FSOL) followed with $1.5 million, while the VanEck Solana ETF (VSOL) saw a lesser inflow of $412,000.

By contrast, both Bitcoin and Ethereum spot ETFs faced net outflows. Bitcoin spot ETFs recorded $158 million in net withdrawals, mostly driven by the $173 million outflow from BlackRock’s IBIT. Despite this, cumulative flows into U.S. Bitcoin ETFs remained strong at approximately $57.4 billion. Ethereum spot ETFs had net outflows of $75.9 million, led by BlackRock’s ETHA. Sentiment around both IBIT and ETHA stayed in the bearish or extremely bearish zones, according to Stocktwits, with low levels of online discussion.

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For more on related trends, see: Bitcoin Stalls As Traders See Fed’s $6.8B T-Bill Buy As Insufficient Liquidity Signal.

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