While Bitcoin and Ether exchange-traded funds (ETFs) are logging some of their heaviest outflows since launch, Solana (SOL) and XRP ETFs are bucking the market rout — attracting nearly $900 million in combined net inflows and signaling rare investor confidence amid widespread risk aversion.
According to data from SoSoValue, both the new Solana and XRP spot ETFs have not recorded a single day of outflows since launch, making them standout performers in an otherwise red ETF landscape.
Solana and XRP ETFs Pull Nearly $900M as BTC and ETH Funds Bleed
Despite a brutal sell-off across crypto markets:
Solana ETFs have accumulated ~$500 million in net inflows
XRP ETFs have added ~$410 million since launch
Meanwhile, Bitcoin (BTC) ETFs have shed billions during a multi-week outflow streak
Ether (ETH) ETFs are also recording some of their largest redemptions on record
This divergence highlights growing investor interest in diversifying beyond the two largest digital assets.
XRP ETFs Post Strong Debuts, No Outflow Days
On Thursday, Bitwise listed its new XRP ETF (ticker: XRP), attracting a strong $105 million inflow on its first trading day.
Canary’s XRPC ETF added another $12.8 million the same day, pushing total daily XRP ETF inflows to $118 million.
Canary CEO Steven McClurg congratulated Bitwise on the launch, noting that the firms “are rooting for each other” despite direct competition.
Canary still holds the record for the largest single-day inflow into any XRP ETF — $243 million on Nov. 14.
Solana ETFs Show Similar Strength With Steady Inflows
Solana-based ETFs also demonstrated resilience:
Daily net inflows ranged from $8.26M to $55.61M this week
Nov. 19 marked the strongest inflow day
All SOL-based ETFs have maintained consistent inflows despite market stress
These flows suggest that institutional and retail ETF buyers are steadily accumulating SOL exposure regardless of near-term price weakness.
Underlying Tokens Deep in the Red Despite ETF Conviction
The strong ETF demand stands in sharp contrast to spot market performance.
Solana (SOL)
30-day decline: –32.5%
7-day decline: –10.9%
Current price: ~$122.94
1-year performance: –52.3%
XRP
30-day decline: –21.2%
7-day decline: –16.6%
Current price: ~$1.86
1-year performance: +49.9%
The disconnect indicates that while traders are selling spot tokens under macro pressure, long-term ETF allocators continue buying.
Why This Matters: A Shift in ETF Investor Psychology
The strength of Solana and XRP ETF flows suggests:
Growing altcoin institutional appetite
First-mover advantage for new ETFs during periods of high volatility
A shift in crypto ETF users toward diversified exposure, not just BTC/ETH
Increased confidence in alternative networks with high throughput and strong use cases
Despite the ongoing market downturn — and BTC now hovering around $84,001 — ETF investors appear to be positioning for the next cycle rather than exiting the space entirely.
