Solana ETFs See Record Outflow as Institutions Turn to XRP Funds

A clear shift is happening in the crypto exchange traded funds (ETF) market. After weeks of strong demand, Solana ETFs have now seen their biggest outflow ever. Meanwhile, XRP ETFs continue to bring in steady inflows. 

These opposite moves show that big investors are changing their focus as the market reacts to the recent crash.

Solana ETFs Hit by Heavy Outflows

U.S. Solana ETFs saw a major setback shortly after posting a net outflow of $13.55 million. This marks the second straight day of withdrawals and stands as the biggest outflow these products have ever experienced. 

The decline was driven largely by the 21Shares Solana ETF, which recorded a single-day redemption of $32.54 million. This marks the fund’s third straight outflow during the ongoing market downturn. Since its launch, total net withdrawals have reached $60.14 million.

Despite this pressure, not all Solana funds moved in the same direction. Bitwise Solana Staking ETF (BSOL) brought in $17.18 million while the Grayscale Solana ETF added $1.82 million. Even after the heavy losses, Solana ETFs now manage more than $790 million in assets, showing that institutional long-term interest remains steady. 

SOL’s price has also stayed strong. It rose more than 3% to $127.53. However its trading volume dipped a little in the last 24 hours as investors slowed down during the ETF outflow.

XRP ETFs Gain Momentum as Investors Rotate

While Solana saw money flowing out, XRP ETFs kept gaining attention. The investment funds received $90 million in net inflows, the fourth-largest since they started. 

This pushed total XRP ETF assets over $723 million, at a time when Bitcoin and Ethereum ETFs are seeing low demand and trading activity. 

The largest inflow came from Grayscale’s XRP ETF, which added more than $52 million. Franklin Templeton’s product followed with steady inflows of its own, and smaller ETFs also contributed to the day’s positive totals. 

These inflows show that institutions are actively shifting their attention toward XRP as they look for assets that can withstand the current market pressure.

Whale Activity Supports XRP’s Rise

On-chain data strengthens this narrative. The movement of XRP from weak hands to strong hands has continued. The largest XRP holders are maintaining their positions even as mid-sized wallets reduce theirs. 

Whales holding more than 100 million XRP remain at a seven-year high, owning a combined 48 billion coins. This indicates strong confidence at the top of the market. 

Despite this, XRP’s price has stayed relatively stable following the recent market shock. It is currently trading at $2.01, moving within a narrow range of $1.99 to $2.06. This signals quiet accumulation rather than aggressive trading. 

TD Sequential indicator recently signaled a buy setup on the weekly chart. Veteran analyst Peter Brandt has suggested that XRP may be preparing for a price recovery in the months ahead.