Investor confidence in spot XRP and Solana (SOL) Exchange Traded Funds (ETFs) remains robust, as both asset classes have continued their streaks of positive net inflows over the past week, despite market volatility and significant legislative and monetary policy events. XRP ETFs have now maintained positive inflows for 10 consecutive weeks, while SOL ETFs have achieved a notable 12-week streak.
XRP ETF Performance: Resilience Through Volatility
The previous week saw XRP ETFs attract a total of $9.56 million in net inflows. This performance extended their positive run, with the last instance of weekly net outflows occurring in the first full week of July. Despite a notable event on Tuesday, the day the CLARITY Act failed to pass the Senate, XRP ETFs recorded $0.00 in reportable net inflows, according to SoSoValue. This occurred even as the underlying asset experienced a price drop of over 8%. On Wednesday, the day the Federal Reserve announced a rate hike, XRP ETFs attracted $3.50 million. The week concluded with net withdrawals on Thursday ($5.15 million) and Friday ($43,700).
During Wednesday, the cumulative total net inflows for XRP ETFs reached an all-time high of $1.720 billion, though this figure slightly decreased to $1.710 billion by Thursday. The overall weekly inflow of $9.56 million underscores a sustained investor interest.
SOL ETF Performance: Extended Positive Momentum
Similarly, spot SOL ETFs demonstrated strong performance, accumulating $13.19 million in net inflows for the week. This marks the twelfth consecutive week of positive inflows for SOL ETFs, with their last weekly net outflow occurring in late June. The week began with strong inflows for SOL ETFs, attracting just over $11 million on Monday and an additional $1.35 million on Tuesday. Inflows moderated to under $840,000 on Wednesday and recorded $0.00 on Thursday. Data for Friday’s net inflows for SOL ETFs was not available, and it is assumed to be $0.00. Given this information, it is considered highly unlikely that investors withdrew over $13.19 million on Friday alone, which would be necessary to break the streak.
In related market activity, the underlying asset for SOL experienced a significant rally, reaching a multi-month peak of around $115 during the Friday/Saturday period. However, by Sunday afternoon, it saw a rejection and fell below $110.
Market Context and Investor Sentiment
The consistent inflows into both XRP and SOL ETFs, particularly in the face of legislative uncertainty surrounding the CLARITY Act and the Federal Reserve’s monetary policy adjustments, may suggest a persistent investor confidence in these digital assets as investment vehicles. The extended positive performance streaks for both ETFs highlight a steady demand, with SOL ETFs showing a longer duration of sustained investor interest.
Why This Matters
The materials describe a narrow update: Spot XRP ETFs attracted $11. The exact net inflows/outflows for SOL ETFs on Friday are not available, assumed to be $0.00.
