XRP ETFs end 13-week inflow streak as crypto funds lose nearly $576 million
In brief
- XRP ETFs posted $1.84 million in net outflows, ending a 13-week inflow streak.
- Bitcoin, Ethereum, Solana and XRP ETFs lost $575.91 million combined, down from about $1.24 billion the prior week.
- Ethereum ETFs accounted for about 56% of outflows and have lost money three weeks running.
- Bitcoin ETF withdrawals fell about 66% to $228.58 million, per SoSoValue data.
XRP's run snaps
The outflow was small. It still ended a streak that began in the week ended July 17 (XRP funds posted positive flows every week through Oct. 9), and it reversed $11.31 million of inflows from the week before. Cumulative net inflows stood around $1.80 billion, while XRP ETF assets fell to $1.47 billion from $1.57 billion.
Ethereum leads the withdrawals
Ethereum products lost $319.97 million, roughly 56% of the four categories' combined outflows. That's down from the prior week's $542.07 million, but it's the third straight losing week. Ethereum ETFs have shed approximately $1 billion over that stretch, cutting cumulative net inflows to $12.94 billion and net assets to $14.95 billion (from $15.71 billion).
Solana funds lost $25.52 million, their second negative week in a row after $24.81 million in redemptions the week before. Net assets fell to $1.62 billion.
Bitcoin ETFs saw $228.58 million in net withdrawals, about 66% less than the previous week's $681.10 million. Two weeks of outflows add up to about $910 million, leaving cumulative net inflows at $56.88 billion and total net assets at $104.29 billion.
Across all four categories, weekly withdrawals slowed from approximately $1.24 billion.
What analysts are watching
CryptoQuant analyst Axel Adler said Bitcoin ETFs' trailing 30-trading-day flows were still positive at about 15,400 BTC as of Oct. 16. He noted that weekly outflows had eased to around 2,800 BTC, which in his view suggests selling pressure is moderating even as institutional accumulation slows.
Ecoinometrics reached a similar conclusion in an Oct. 16 assessment, flagging weaker ETF buying since Bitcoin recovered above $80,000 in late September. The firm found that daily inflows and outflows had largely offset each other over nearly three weeks (leaving cumulative net demand barely positive). It tied the slowdown partly to rising US Treasury yields and the Federal Reserve's increasingly restrictive monetary policy, with benchmark 10-year yields recently reaching levels last seen in 2002, according to CryptoSlate's account.
Bitcoin, meanwhile, struggled to sustain that recovery above $80,000 amid concerns about US monetary policy and the outlook for risk assets.
