XRP ETFs Attract Fresh Inflows While Solana Products Pause After Strong Run
The selling wave across digital asset ETFs has slowed in size, but not in direction. Institutional investors continued trimming exposure to bitcoin and ether products, even as overall trading activity remained relatively stable.
Spot bitcoin ETFs recorded net outflows of $70.47 million, extending a difficult stretch for the category after several days of heavy withdrawals. Blackrock’s IBIT once again accounted for the majority of the decline, posting a $61.45 million exit.
Fidelity’s FBTC added another $10.12 million in outflows, reinforcing the cautious sentiment around the largest bitcoin-linked funds. Morgan Stanley’s MSBT provided the only positive flow of the session with a modest $1.11 million inflow, though it was far from enough to offset the broader selling pressure.
Despite the outflows, trading activity remained active. Bitcoin ETFs generated $1.36 billion in total value traded, while total net assets edged slightly higher to $101.12 billion, suggesting underlying asset prices helped cushion the impact of investor withdrawals.
Ether ETFs followed a similar pattern. The category recorded net outflows of $28.14 million, extending its negative streak to eight consecutive trading days. Blackrock’s ETHA remained the primary source of weakness, losing $30.94 million during the session. Fidelity’s FETH posted an additional $1.60 million outflow.
There was, however, a small counterbalance. Blackrock’s ETHB attracted $4.39 million in inflows, continuing its role as one of the few ether-focused products still seeing intermittent institutional demand. Trading volume across ether ETFs came in at $350.41 million, with total net assets closing at $12.24 billion.
Outside the major assets, activity was considerably quieter.
XRP ETFs recorded a modest net inflow of $1.45 million, entirely tied to Canary’s XRPC fund. While relatively small, the inflow extends a recent pattern of selective interest in XRP-linked investment products despite broader market caution. Trading volume across XRP ETFs reached $11.25 million, while net assets closed at $1.13 billion.
Solana ETFs, meanwhile, saw no flow activity during the session. Net assets across the category ended the day at $976.81 million, reflecting a pause after several recent sessions of steady inflows.
A recent addition to the crypto ETF market has been the introduction of Hyperlink’s HYPE spot ETFs. The asset category drew in $25.46 million on Wednesday to extend its strong start so far, which has seen almost $50 million in inflows over six days.
The broader ETF landscape continues to reveal a market in transition. Bitcoin and ether remain under sustained institutional pressure, while smaller assets like XRP and new products like HYPE are attracting targeted allocations.
For now, the pace of selling appears to be moderating, but investor sentiment remains cautious. The next few sessions will likely determine whether the market is stabilizing or simply pausing before another round of repositioning.
