XRP and SOL spot ETF weekly inflows collapsed 94% and 97% respectively, signaling a sharp pullback in institutional demand despite recent strength.
Macro & Markets ·
Spot ETF inflows for XRP and SOL collapsed sharply this week, signaling a sudden retreat in institutional demand. XRP ETFs saw weekly net inflows plummet 94% to $4.74 million from $75.59 million, while SOL ETFs experienced an even steeper drop of over 97%, falling to $2.43 million from $188 million. Despite these declines, XRP extended its consecutive weeks of positive inflows to 12, though the underlying weakness is evident in the magnitude of the contraction.
The deterioration occurred after strong inflows in prior weeks, with both assets facing price pressure. XRP traded around the $1.50 level after dipping to $1.45, while SOL fluctuated between $118 and $129 following a Friday market correction. The weekly inflow swings were volatile, with multiple days of zero or near-zero net movement in XRP ETFs and inconsistent daily flows in SOL products, suggesting uneven institutional appetite rather than sustained conviction.
What remains unclear is whether this represents a temporary pause in the recent momentum or signals a broader shift in institutional positioning. The speed of the collapse—dropping from the best or second-best weekly inflows to near-minimal amounts—raises questions about whether specific external factors triggered the reversal or if it reflects profit-taking after the prior weeks' strength.