XRP and SOL ETF Demand Falls Sharply

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The past week was entirely different than the previous one.

Although the spot XRP ETFs have maintained their positive net flow streak, the actual numbers are quite concerning as the weekly decline is roughly 94%.

The funds tracking the performance of Solana’s SOL experienced an even more profound drop in the numbers, going down from over $188 million to under $2.5 million.

94% Decline in XRP ETF Inflows
The business week began on a higher note for the Ripple ETFs, with investors pouring in almost $4 million. However, a familiar sight returned on Tuesday and Wednesday, as SoSoValue shows $0.00 for both days. In other words, the demand simply evaporated for two straight days. This was common during the sluggish summer months, but it hasn’t been the case for the past several weeks.

Investors allocated another $4.07 million on October 1, thus ending the two-day dry spell. However, the tide turned on Friday, with $3.28 million in net outflows. This became the first red day for the XRP ETFs since September 18. Consequently, the week ended with $4.74 million in net inflows.

On the positive side, this means that the financial vehicles extended their streak of consecutive green weeks to 12. However, a deeper look into the actual numbers shows that the funds experienced a 94% decline in weekly net inflows, as they attracted $75.59 million during the previous five-day trading period that ended on September 25.

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