XRP and Solana ETFs thrive as over $4B in Bitcoin and Ethereum exits the market
A pointy divergence emerged in the crypto ETF market this month.
According to SoSo Value data, the new merchandise monitoring Solana and XRP are attracting important capital, contrasting with a extreme wave of outflows from established Bitcoin and Ethereum funds.
The knowledge exhibits that the newly launched altcoin ETFs have registered greater than $500 million in mixed inflows in lower than a month.
These inflows spotlight rising investor curiosity in property past the market leaders.
Solana ETFs, which launched in October, have accrued $382.05 million in whole inflows in simply three weeks. The three funds, managed by Grayscale, Bitwise, and VanEck, now oversee mixed property price greater than $541.31 million, in response to SoSo Value.
Meanwhile, demand for the newer XRP product has confirmed equally sturdy.
The spot XRP ETF, launched by Canary Capital final week, attracted $250 million in its first day of buying and selling on almost $60 million in quantity.
Nate Geraci, co-founder of the ETF Institute and President of NovaDius Wealth, highlighted the significance of the product’s efficiency on X, saying:
“Canary XRP ETF has [posted the] highest day one buying and selling quantity out of 900+ ETF launches this yr.”
According to him, this was additional proof of how spot crypto ETFs’ efficiency has constantly and considerably surpassed the expectations of the conventional finance sector.
While he famous that skepticism from the “previous guard” of conventional finance stays high, investor capital is the definitive measure of success.
Still, he identified that spot crypto ETFs have constantly exceeded expectations and have come to dominate the checklist of prime ETF launches in the final two years.
Bitcoin and Ethereum see main outflows
The enthusiasm for altcoin funds stands in stark distinction to US-based spot Bitcoin ETFs, which recorded significant outflows of greater than $3 billion over the three weeks ending Nov. 14.
The redemptions have been sustained, starting with $798 million for the week ending Oct. 31. Outflows then accelerated to $1.2 billion for the week ending Nov. 7, adopted by one other $1.1 billion shed for the week ending Nov. 14.
Ethereum ETFs skilled the same development, shedding greater than $1.2 billion in whole throughout the identical interval. Following modest inflows of $15 million in the final week of October, the ETH funds skilled important outflows of greater than $500 million and $728 million in the subsequent two weeks.
That quantities to a complete of $4.2 billion in outflows throughout Bitcoin and Ethereum ETFs alone.
James Butterfill of CoinShares advised the latest drawdowns from the Bitcoin and Ethereum ETFs are linked to macro-level considerations.
He wrote:
“We consider the mixture of financial coverage uncertainty and crypto-native whale sellers are the primary causes for this most up-to-date unfavourable funk.”
Meanwhile, BlackRock’s funds have been chargeable for round 50% of the redemptions, with IBIT and ETHA collectively dropping greater than $2 billion. Nearly $1.4 billion left IBIT, whereas over $700 million exited ETHA.
During this era, BlackRock’s ETHA registered a $421 million outflow, its largest weekly loss since launching in 2024.
Despite the latest pullback, a Q3 2025 overview of IBIT’s institutional possession confirmed a 15% improve in the variety of institutional holders. Total institutional possession rose by 1% to succeed in 29%, with Sovereign Wealth Fund and UAE possession at 2.14% and 4.1%, respectively.
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