Ether ETFs End Outflow Trend While XRP Products Reach New Heights
Recent data indicates a significant recovery in Ether ETF inflows, while XRP ETFs maintain strong performance, showcasing a divergence in altcoin ETF trends.
Ether ETFs Show Positive Outlook
After a streak of outflows, Ether exchange-traded funds (ETFs) in the US saw a notable increase with $84.6 million in net inflows on Monday. This turnaround ended a seven-day outflow sequence, marking one of the largest single-day recoveries noted this month.
The rise in investment follows a period where over $700 million was withdrawn from spot Ether (ETH) products last week, suggesting a halt in selling activity. SoSoValue reports indicate that the total net inflows have now reached approximately $12.5 billion.
XRP ETFs Continue Strong Momentum
In parallel, XRP ETFs displayed resilience, recording $43.9 million in net inflows on the same day—representing their best daily performance since December. Since their introduction, XRP ETFs have not reported a single day of net outflows, accumulating total net inflows of more than $1.1 billion.
Although the inflows for XRP ETFs are modest compared to those of Ether products, the pattern suggests that initial investors are strategically building their positions instead of rapid trading.
Daily inflow data for XRP ETFs. Source: SoSoValue
Diverging Trends in Altcoin ETF Flows
Other altcoin ETFs are exhibiting varying levels of inflow. For instance, Solana (SOL) ETFs have retained consistent capital attraction, bringing cumulative inflows to roughly $750 million. Despite experiencing brief outflow episodes, Solana products have predominantly shown positive trends compared to XRP.
Conversely, Chainlink ETFs have mirrored this incremental growth pattern, adding nearly $2 million in inflows recently, yielding total net inflows of about $58 million.
On the other hand, Dogecoin (DOGE) ETFs are encountering diminishing demand, with their cumulative net inflow stagnating at $2 million. Data indicates that trading volume has slumped to $67,000, one of the lowest recorded this month.
Broader Market Trends
Despite the promising inflows into altcoin ETFs, their collective volumes fell short against the broader market’s downturn. Last week, global crypto exchange-traded products (ETPs) noted nearly $952 million in net outflows, primarily influenced by the declines seen in Bitcoin and Ether funds. According to CoinShares, this drop can be attributed to the Digital Asset Market Clarity Act’s regulatory delays, which have created increased selling pressure from significant investors.
