XRP and SOL ETF Demand Crashes Over 90% in One Week
The demand for XRP and SOL exchange-traded funds (ETFs) experienced a significant drop last week, despite both maintaining positive net inflows overall. XRP-focused funds extended their positive streak to 12 weeks, but weekly net inflows plummeted to $4.74 million from $75.59 million, a decline of roughly 94%. The slowdown began after a strong start, with nearly $4 million in inflows on Monday, but demand faded midweek before a brief recovery on October 1. However, Friday saw $3.28 million in net outflows, marking the first negative day for XRP funds since September 18.
Solana investment products faced an even steeper decline, with inflows dropping from $188.22 million the previous week to just $2.43 million, a drop exceeding 97%. The week started positively with gains on Monday and Tuesday, but outflows on Wednesday and Thursday erased much of the progress. A modest inflow on Friday kept the week in positive territory, but the sharp slowdown signals a cooling phase for Solana funds.
Both XRP and SOL ETFs remain in positive territory overall, but the dramatic decline in investor participation has raised concerns about future momentum. The contrast between last week's strong inflows and the latest figures highlights a shift in investor sentiment, with many becoming more cautious. The XRP price faced rejection at $1.55 before slipping to $1.45 during a broader market correction, though it later recovered to the $1.50 area.