Spot XRP ETFs pushed cumulative net inflows to a new all-time high this week even as daily flows swung between gains and withdrawals. Spot Solana ETFs posted a smaller weekly total but extended their streak of green weeks to 12, with no red week since late June.
Spot XRP ETFs pushed cumulative net inflows to a fresh all-time high this week, even as daily flows swung between gains and withdrawals around the Senate's CLARITY Act vote and the Fed's rate hike. Spot Solana ETFs, meanwhile, kept climbing without a single red week in nearly three months.
XRP ETFs Hit New All-Time High
The spot Ripple ETFs attracted $11.26 million on the day ahead of the Senate vote on the CLARITY Act, starting the week with a bang. The failure of the bill vote on Tuesday didn't trigger direct net outflows, with SoSoValue showing $0.00 in reportable data that day, even though the underlying asset slumped more than 8% in hours.
Investors kept adding funds the next day, pouring in $3.50 million despite the Fed's rate hike on Wednesday. That's where the tide turned. SoSoValue then recorded $5.15 million in net withdrawals on Thursday, followed by a modest $43,700 pulled out on Friday.
As a result, cumulative total net inflows reached a new all-time high on Wednesday at $1.720 billion before dropping toward $1.710 billion a day later. Still, the week closed with $9.56 million in net inflows, down from the nearly $19 million the funds attracted over the prior two weeks. The last time the spot XRP ETFs were in the red was during the first full week of July.
SOL ETFs Extend Their Streak Further
The SOL counterparts began the week on a high note too, attracting just over $11 million on Monday and gaining another $1.35 million on Tuesday. Net inflows then slowed to under $840,000 on Wednesday and to $0.00 on Thursday, with no Friday data yet reported.
Based on the available figures, the week ended with $13.19 million in net inflows, extending the SOL funds' green streak to 12 consecutive weeks, unless withdrawals on the unreported Friday exceeded that total. The last time the SOL ETFs logged a red week was in late June.
Source: CryptoPotato
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